4.

A company's year-end balance in accounts receivable is $2,500,000. The allowance for uncollectible accounts had a beginning-of- year credit balance of $41,000. An aging of accounts receivable at the end of the year indicates a required allowance of $49,000. If bad debt expense for the year was $51,000, and if credit sales for the year were $8,000,000, and $7,250,000 was collected from credit customers, what was the beginning-of-year balance in accounts receivable? Beginning balance in A/R