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The following information is related to December 31, 2021 balances. . Accounts receivable $1550000 Allowance for doubtful accounts (credit) (116000) 1434000 . Cash realizable value
The following information is related to December 31, 2021 balances. . Accounts receivable $1550000 Allowance for doubtful accounts (credit) (116000) 1434000 . Cash realizable value During 2022 sales on account were $388000 and collections on account were $215000. The company wrote off $21700 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that bad debts should be estimated at $144000. The change in the cash realizable value from the balance at 12/31/21 to 12/31/22 was O $147000 increase. O $123300 increase. O $169300 increase. O $145000 increase
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