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At the beginning of year 3 Randall company had a $18,600 balance in its account receivable account and a $1020 balance in allowance for doubtful
At the beginning of year 3 Randall company had a $18,600 balance in its account receivable account and a $1020 balance in allowance for doubtful accounts. During year 3 Randall experienced the following events.
Randall earned $26900 of revenue on account.
Collected $15130 cash from accounts receivable.
Wrote off $770 of accounts receivable as uncollectible.
Randall estimates uncollectible accounts to be 3% of receivables. Based on this information the December 31, year 3 balance in the accounts receivable account is ____
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