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Use the following to answer questions 2 8 - 2 9 : Accounts receivable Allowance Cash realizable value During 2 0 1 7 , sales

Use the following to answer questions 28-29:
Accounts receivable
Allowance
Cash realizable value
During 2017, sales on account were $145,000 and collections on account were $86,000. Also
during 2017; the company wrote off $8,000 in uncollectible accounts. An analysis of outstanding
receivable accounts at year end indicated that bad debts should be estimated at $54,000.
The change in the cash realizable value from the balance at 1231?2016 to 1231?2017
was a:
A) $50,000
B) $59,000.
C) $42,000
D) $51,000
Bad debts expense for 2017 is:
A) $17,000
B) $9,000
C) $54,000
D) $1,000
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