A companys year-end balance in accounts receivable is $1,500,000. The allowance for uncollectible accounts had a beginning-of-year credit balance of $31,000. An aging of accounts receivable at the end of the year indicates a required allowance of $39,000. If bad debt expense for the year was $41,000, and if credit sales for the year were $7,000,000, and $6,750,000 was collected from credit customers, what was the beginning-of-year balance in accounts receivable?

Beginning balance in A/R