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At the close of its first year of operations, December 31, 2020, Swifty Corporation had accounts receivable of $1613000, after deducting the related allowance for
At the close of its first year of operations, December 31, 2020, Swifty Corporation had accounts receivable of $1613000, after deducting the related allowance for doubtful accounts. During 2020, the company had charges to bad debt expense of $241000 and wrote off, as uncollectible, accounts receivable of $125000. What should the company report on its balance sheet at December 31, 2020, as accounts receivable before the allowance for doubtful accounts?
| $1729000 |
| $1497000 |
| $1381000 |
| $1979000 |
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