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Using the following information: Accounts receivable Allowance Cash realizable value 12/31/19 $536000 (35900) $500100 During 2020, sales on account were $145900 and collections on account
Using the following information: Accounts receivable Allowance Cash realizable value 12/31/19 $536000 (35900) $500100 During 2020, sales on account were $145900 and collections on account were $99900. Also during 2020, the company wrote off $3900 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that uncollectible accounts should be estimated at $39800. The change in the cash realizable value from the balance at 12/31/19 to 12/31/20 was a $38200 increase O $42100 increase. $43700 increase O $46000 increase Save for Later Attempts: 0 of 1 used Submit
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