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In 2021 Keliso Co. had credit sales of $1,800,000 and sales returns related to these...

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Accounting

In 2021 Keliso Co. had credit sales of $1,800,000 and sales returns related to these sales of $150,000. Its comparative balance sheet at December 31,2021 showed the following:
20212020
Accounts receivable $ 800,000 $ 675,000
Less: Allowance for doubtful accounts 72,00065,000
Carrying amount $ 728,000 $ 610,000
The company's average collection period for 2021 is
Select one:
A.
150 days.
B.
148 days.
C.
136 days.
D.
163 days.

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