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At the beginning of Year 3 Randall Company had a $16,520 balance in its accounts receivable account and a $1,040 balance in allowance for doubtful
At the beginning of Year 3 Randall Company had a $16,520 balance in its accounts receivable account and a $1,040 balance in allowance for doubtful accounts. During Year 3, Randall experienced the following events.
(1) Randall earned $21,780 of revenue on account.
(2) Collected $19,210 cash from accounts receivable.
(3) Wrote-off $750 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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