Question

During 2022 Skysong, Inc. had sales on account of $768000, cash sales of $308000, and collections on account of $508000. In addition, they collected $10000 which had been written off as uncollectible in 2021. As a result of these transactions the change in the accounts receivable indicates a
Bot
decrease of $52000 ($508000 - $768000 + $10000 = $52000).