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X Company had the following selected accounts on December 31, 2020: Account receivable $315,000 Allowance for doubtful accounts 26,600 Cash 784,000 Cash surrender value

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X Company had the following selected accounts on December 31, 2020: Account receivable $315,000 Allowance for doubtful accounts 26,600 Cash 784,000 Cash surrender value of life insurance 180,000 Equipment no longer in use 17.000 Interest receivable 22,000 Prepaid Rent (18 months) 54,000 Prepaid Insurance 150,000 Supplies 87,000

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