Business, 14.04.2020 23:26 Leahma327

Using the following information: 12/31/17 Accounts receivable $526000 Allowance (35700 ) Cash realizable value $490300 During 2018, sales on account were $145400 and collections on account were $100000. Also during 2018, the company wrote off $3960 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that uncollectible accounts should be estimated at $39300. The change in the cash realizable value from the balance at 12/31/17 to 12/31/18 was a $41440 increase. $43260 increase. $37840 increase. $45400 increase.

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Using the following information: 12/31/17 Accounts receivable $526000 Allowance (35700 ) Cash realiz...