Using the following information: During 2018, sales on account were $145,000 and collections on account were $100,000. Also during 2018, the company wrote off $4,000 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that uncollectible accounts should be estimated at $40,000.
The change in the cash realizable value from the balance at 12/31/17 to 12/31/18 was a

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Using the following information:  During 2018, sales on account were $145,000 and collections on account were $100,000. Also during 2018, the company wrote off $4,000 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that uncollectible accounts should be estimated at $40,000.
The change in the cash realizable value from the balance at 12/31/17 to 12/31/18 was a

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The Answer of Using the following information:  During 2018, sales on account were $145,000 and collections on account were $100,000. Also during 2018, the company wrote off $4,000 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that uncollectible accounts should be estimated at $40,000.
The change in the cash realizable value from the balance at 12/31/17 to 12/31/18 was a

Using the Following Information: During 2018, Sales on Account