The following information is related to December 31, 2021 balances. Accounts receivable $1410000 Allowance...
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The following information is related to December 31, 2021 balances. Accounts receivable $1410000 Allowance for doubtful accounts (credit) (107000) Cash realizable value 1303000 During 2022 sales on account were $381000 and collections on account were $228000. The company wrote off $20800 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that bad debts should be estimated at $144000. The change in the cash realizable value from the balance at 12/31/21 to 12/31/22 was $118000 increase. O $116000 increase. $141200 increase. $95200 increase
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