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25 Using the following information: Accounts receivable Allowance for doubtful accounts Cash realizable value 12/31/16 2,100,000 (180.000) 1,920,000 4 points During 2017, sales on account
25 Using the following information: Accounts receivable Allowance for doubtful accounts Cash realizable value 12/31/16 2,100,000 (180.000) 1,920,000 4 points During 2017, sales on account were C580,000 and collections on account were C344,000. Also during 2017, the company wrote off 32,000 In uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that uncollectible accounts should be estimated at 236,000. Bad debts expense for 2017 is OA. 88,000. OB 56,000. OC. 236,000. OD. 4,000
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