CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Multiple Ch

CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Multiple Choice Question 99 Using the following information: 12/31/17 Accounts receivable$540000 (36500) $503500 Allowance Cash realizable value During 2018, sales on account were $145200 and collections on account were $99600. Also during 2018, the company wrote off $4090 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that uncollectible accounts should be estimated at $39600 The change in the cash realizable value from the balance at 12/31/17 to 12/31/18 was a $41510 increase. $43690 increase. $45600 increase $35510 increase LINK TO TEXT Version 4.24.7.7 acy Policy 1 e 2000-2018 John Wiley & Sons In.s., All Rights Reserved. A Division of 2ohn Wiley &SonsIn; 20 rivacy. Policy

Solution

D.$35,510 increase.

uncollectible accounts estimate	$39,600
less:write off amount	(4,090)
increase in realisable value	35,510