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A companys year-end balance in accounts receivable is $1,800,000. The allowance for uncollectible accounts had a beginning-of-year credit balance of $34,000. An aging of accounts
A companys year-end balance in accounts receivable is $1,800,000. The allowance for uncollectible accounts had a beginning-of-year credit balance of $34,000. An aging of accounts receivable at the end of the year indicates a required allowance of $42,000. If bad debt expense for the year was $44,000, and if credit sales for the year were $7,300,000, and $6,900,000 was collected from credit customers, what was the beginning-of-year balance in accounts receivable?
Beginning balance in A/R =?
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