120) In reviewing the accounts receivable, the cash receivable value is $26400 before the write-off of a $1700 account. What is the cash receivable value after the write-off?

$1700

$28100

$24700

$26400

121)In 2017 the Cheyenne Corp. had net credit sales of $870000. On January 1, 2017, the Allowance for Doubtful Accounts had a credit balance of $21600. During 2017, $32700 of uncollectible accounts receivable were written off. Past experience indicates that the allowance should be 5% of the balance in receivables (percentage-of-receivables basis). If the accounts receivable balance at December 31 was $227000 what is the required adjustment to the Allowance for Doubtful Accounts at December 31, 2017?

$11350.

$32950.

$32700.

$22450.