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How much is the sales on account

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Question 1: ABC Company has the following information during the year: Bad debt expense 70,000 Total collections from customers on account 1,900,000 Collections, net of 2% cash discount 392,000 Returns of merchandise from customers on account 150,000 Net realizable value, beginning 332,500 Net realizable value, ending 237,500 Accounts written off 50,000 The uncollectible accounts is estimated to be 5% of the outstanding balance of receivable How much is the sales on account?

Option 1: 2,033,000

Option 2: 2,025,000

Option 3: 1,983,000

Option 4: 1,975,000

Reference no: EM132894368

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