Exercise 8-8 Analyzing receivables and allowance for doubtful accounts L01,2,3 Accounts Receivable Allowance for Doubtful Accounts Dec. 31/16 2.900 Dec. 31/16 Balance 78.000 Balance 420,000 448.000 210 3.250 3.250 2.600 210 210 2.460 Dec. 31/17 Dec. 31/17 Balance 46.750 Balance Your returns (or interest rate) are 8% a year. Approx. how many years before your investment doubles? 9 10 OOOO 5 8 Exercise 8-8 Analyzing receivables and allowance for doubtful accounts L01,2,3 Accounts Receivable Allowance for Doubtful Accounts Dec. 31/16 2.900 Dec. 31/16 Balance 78.000 Balance 420,000 448.000 210 3.250 3.250 2.600 210 210 2.460 Dec. 31/17 Dec. 31/17 Balance 46.750 Balance Your returns (or interest rate) are 8% a year. Approx. how many years before your investment doubles? 9 10 OOOO 5 8