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As of January 1, 2021, Tulsa Co. had a credit balance of $527,000 in its allowance for uncollectible accounts. Based on experience, 1% of Tulsa's

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As of January 1, 2021, Tulsa Co. had a credit balance of $527,000 in its allowance for uncollectible accounts. Based on experience, 1% of Tulsa's gross accounts receivable have been uncollectible. During 2021, Tulsa wrote off $657,000 of accounts receivable. Tulsa's gross accounts receivable as December 31, 2021 is $18,350,000. In its December 31, 2021, balance sheet, what amount should Tulsa report as allowance for uncollectible accounts? Multiple Choice $53,500. $183,500. $313,500. $710,500

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