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A company's year-end balance in accounts receivable is $2,100,000. The allowance for uncollectible accounts had a beginning-of-year credit balance of $37,000. An aging of accounts
A company's year-end balance in accounts receivable is $2,100,000. The allowance for uncollectible accounts had a beginning-of-year credit balance of $37,000. An aging of accounts receivable at the end of the year indicates a required allowance of $45,000. If bad debt expense for the year was $47,000, and if credit sales for the year were $7,600,000, and $7,050,000 was collected from credit customers, what was the beginning-of-year balance in accounts receivable? Beginning balance in A/R
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