Aging Method

On January $1,2019,$ Smith, Inc., has the following balances for accounts receivable and allowance for doubtful accounts:

Accounts Receivable

$$388,000$

$4,200$

Allowance for Doubtful Accounts $($a credit balance$)$

During $2019,$ Smith had $$2,855,000$ of credit sales, collected $$2,905,000$ of accounts receivable, and wrote off $$3,850$ of accounts receivable as uncollectible. At year end, Smith performs an aging of its accounts receivable balance and estimates that $$3,800$ will be uncollectible.

Required:

Calculate Smith's preadjustment balance in accounts receivable on December $31,2019.$

$ $x$

Calculate Smith's preadjustment balance in allowance for doubtful accounts on December $31,2019.$

$

X