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During 2020, its first year of operation, Johns Scent Shoppe has cash sales of $105,000, as well as account sales of $52,000. Of the cash
During 2020, its first year of operation, Johns Scent Shoppe has cash sales of $105,000, as well as account sales of $52,000. Of the cash sales, $12,000 represents payments for goods that will be delivered during 2021. At December 31, 2020, $17,000 of the accounts receivable remain uncollected. John identified $1,700 of the accounts that he considers will be uncollectible. By what amount will the 2020 net business income of Johns Scent Shoppe be increased by the preceding information
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