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CALCULATTOR BACK NEXT H Question 12 The following information is related to December 31, 2016 balances Accounts receivable $3340000 Allowance for doubtful accounts (credit) (275000)

CALCULATTOR BACK NEXT H Question 12 The following information is related to December 31, 2016 balances Accounts receivable $3340000 Allowance for doubtful accounts (credit) (275000) Cash realizable value $2870000 During 2017 sales on account were $899000 and collections on account were $505000. Also during 2017 the company wrote off $46500 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that bad debts should be estimated at $356000. Bad debt expense for 2017 is $34500. $127500 $81000. O$356000

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