Avett Furniture Store has credit sales of $$400,000$ in $2021$ and a debit balance of $$600$ in the Allowance for Doubtful Accounts at year end. As of December $31,2021,$$$130,000$ of accounts receivable remain uncollected. The credit manager prepared an aging schedule of accounts rectivable and estimates that $$7,000$ will prove to be uncollectible.

On March $4,2022,$ the credit manager authorizes a write$-$off of the $$1,200$ balance owed by B$.$ Fernitti.

Part $1$

Part $2$

Show the balance sheet presentation of accounts receivable on December $31,2021.$

Avett Furniture Store

Balance Sheet