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CALCULATON PEINTER VERSION Multiple Choice Question 135 The following Information is related to December 31,...

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CALCULATON PEINTER VERSION Multiple Choice Question 135 The following Information is related to December 31, 2016 balances. Accounts receivable $3310000 Allowance for doubtful accounts (credit) (278000) Cash realizable value $2830000 During 2017 sales on account were $856000 and collections on account were $512000. Also during 2017 the company wrote off $47500 in uncollectible accounts. An analysis of outstanding receivable accounts at year and indicated that bad debts should be estimated at $332000. Bad debt expense for 2017 is O $6500 O $332000. uring 2017 sales on account were $856000 and collections on account were $512000. Also during 2017 the company wrote off $47500 in uncollectible accounts. An analysis of outstanding receivable accounts at year and indicated that bad debts should be estimated at $332000. Bad debt expense for 2017 is O $6500 $332000 $101500 $54000 Click if you would like to show Work for this question: Open Show Work

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