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In 2021 Bonita Co. had credit sales of $1740000 and sales returns and allowances related to these sales of $157000. Its comparative balance sheet
In 2021 Bonita Co. had credit sales of $1740000 and sales returns and allowances related to these sales of $157000. Its comparative balance sheet at December 31, 2021 showed the following: 2021 2020 Accounts receivable $758000 $675000 Less: Allowance for doubtful accounts 72000 66000 Carrying amount $686000 $609000 The company's average collection period for 2021 is (Round answers to O decimal places. Use 365 days for the calculation purpose.) O 142 days. O 150 days. O 150 days. O 165 days.
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