Multiple Choice Question 135 The following information is related to December 31, 2016 balances.
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Multiple Choice Question 135

The following information is related to December 31, 2016

balances.

Accounts receivable

$3150000

Allowance for doubtful accounts (credit)

(270000)

Cash realizable value

$2880000


During 2017 sales on account were $870000 and collections on account were $516000. Also during 2017 the company wrote off $48000 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that bad debts should be estimated at $324000. Bad debt expense for 2017 is





$102000.


$54000.


$324000.


$6000.

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