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Using the following information: Accounts receivable Allowance Cash realizable value 12/31/19 $534000 (35900 $498100 During 2020, sales on account were $145400 and collections on account
Using the following information: Accounts receivable Allowance Cash realizable value 12/31/19 $534000 (35900 $498100 During 2020, sales on account were $145400 and collections on account were $98300. Also during 2020, the company wrote off $3980 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that uncollectible accounts should be estimated at $39200. The change in the cash realizable value from the balance at 12/31/19 to 12/31/20 was a O $39820 increase. O $43180 increase. O $47100 increase. O $43120 increase. Save for Later Attempts: 0 of 1 used Submit
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