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Chez Fred Bakery estimates the allowance for uncollectible accounts at 1% of the ending balance of accounts receivable. During 2018, Chez Fred's credit sales and

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Chez Fred Bakery estimates the allowance for uncollectible accounts at 1% of the ending balance of accounts receivable. During 2018, Chez Fred's credit sales and collections were $113,000 and $132,000, respectively. What was the balance of accounts receivable on January 1, 2018, if $200 in accounts receivable were written off during 2018 and if the allowance account had a balance of $990 on December 31, 2018? Multiple Choice $32,000 $390 $118,200 None of these answer choices are correct

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