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U $197,875 4) $999,000 Question 53 (1 point) Saved During the year, Peter Ltd.,...

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U $197,875 4) $999,000 Question 53 (1 point) Saved During the year, Peter Ltd., which uses the allowance method, made an entry to write off an $8,000 uncollectible account. Before this entry was posted, the balance in accounts receivable was $160,000 and the balance in the allowance account was $14,000. The net realizable value of accounts receivable after the write off entry was 1) $152,000.00 2) $160,000.00 3) $154,000.00 4) $146,000.00 Question 54 (1.5 points) Suppose Jenny Inc. has a current ratio of 2.3. Which of the following would increase its current ratio? 1) Writing off an accounts receivable

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