Using the following information: Accounts receivable Allowance Cash realizable value 12/31/20 $47500 increase. $44180 increase. $39620 increase. 10500 $538000 (36300) $501700 During 2021, sales on account were $146400 and collections on account were $98900. Also during 2021, 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 $40200. The change in the cash realizable value from the balance at 12/31/20 to 12/31/21 was a

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Using the following information:
Accounts receivable
Allowance
Cash realizable value
12/31/20
$47500 increase.
$44180 increase.
$39620 increase.
$43520 increase.
$538000
(36300 )
$501700
During 2021, sales on account were $146400 and collections on account were $98900. Also during 2021, 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 $40200.
The change in the cash realizable value from the balance at 12/31/20 to 12/31/21 was a
Transcribed Image Text:Using the following information: Accounts receivable Allowance Cash realizable value 12/31/20 $47500 increase. $44180 increase. $39620 increase. $43520 increase. $538000 (36300 ) $501700 During 2021, sales on account were $146400 and collections on account were $98900. Also during 2021, 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 $40200. The change in the cash realizable value from the balance at 12/31/20 to 12/31/21 was a
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