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The following information is related to December 31, 2024 balances. During 2025 sales on account were $375000 and collections on account were $230000. The company
The following information is related to December 31, 2024 balances. During 2025 sales on account were $375000 and collections on account were $230000. The company wrote off $23000 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that uncollectibles should be estimated at $144000. The change in the cash realizable value from 12/31/24 to 12/31/25 was
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