n 2021 Bramble Co. had credit sales of $ 2330000 and sales returns and allowances...
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Accounting
n 2021 Bramble Co. had credit sales of $ 2330000 and sales returns and allowances related to these sales of $ 156000. Its comparative balance sheet at December 31, 2021 showed the following:
2021
2020
Accounts receivable
$ 837000
$ 672000
Less: Allowance for doubtful accounts
68000
68000
Carrying amount
$ 769000
$ 604000
The companys average collection period for 2021 is (Round answers to 0 decimal places. Use 365 days for the calculation purpose.)
105 days.
115 days.
118 days.
127 days.
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