20. lpine Company reported an increase of $190.000 in its accounts receivable during the The company's statement of cash flows for 2005 reported $1 million of cash year 2005. ales must Alpine have recorded in 2005? received from customers. What amount of net s A) 810,000. B) $1,190,000. C) $1,000,000 D) s 190,000 W hen there is an allowance for doubtful accounts in use, the writing-off of an 21. uncollectible accounts receivable will: A) Reduce income. B) Reduce an expense e) Not change income nor total assets. D) Increase total assets. The aging of the accounts receivable approach to estimating uncollectible accounts does not: 22. A) Take into consideration the existing balance in the Allowance for Doubtful Accounts. B) Utilize a percentage of probable uncollectible accounts for each age group of accounts receivable. C) Stress the relationship between uncollectible accounts expense and net sales. D) Tend to give a reliable estimate of uncollectible accounts because of the consideration given to the collectibility of specific accounts receivable. Juliet Inc. had accounts receivable of $300,000 and an allowance for doubtful accounts of S18,500 just before writing off as worthless an account receivable from Arrow Company of $1,200. The net realizable values of the accounts receivable before and after the write- off were: A) $281,500 before and $280,300 after. B) $281,500 before and $281,500 after. C) $300,000 before and $298,800 after. D) $318,500 before and $317,300 after. 23. 24. Romeo Inc. had accounts receivable of $250,000 and an allowance for doubtful accounts of $9,700 just before writing off as worthless an account receivable from Juliet Compan of $1,500. After writing off this receivable what would be the balance in Romeo's Allowance for Doubtful Accounts? A) $9,700 credit balance. B) $10,900 credit balance. C) $8,200 credit balance. D) $8,200 debit balance