During 2017 sheffield corp. had sales on account of $709000, cash sales of $307000, and collections on account of $508000. in addition, they collected $9400 which had been written off as uncollectible in 2016. as a result of these transactions the change in the accounts receivable indicates a: . $191600 increase. b. $508000 increase. c. $516000 increase. d. $201000 increase

D. $201000 increase

Explanation:

The computation of the change in accounts receivable is shown below:

= Sales on account - collected amount

= $709,000 - $508,000

= $201,000 increase

The cash sales does not affect the account receivable account and the written-off uncollectible amount is also not affected the account receivable account. Thus, we do not consider these both items in the computation part

answer; ( prices are sticky);

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