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Chez Fred Bakery estimates the allowance for uncollectible accounts at 2% of the ending balance of accounts receivable. During 2021, Chez Fred's credit soles and
Chez Fred Bakery estimates the allowance for uncollectible accounts at 2% of the ending balance of accounts receivable. During 2021, Chez Fred's credit soles and collections were $119,000 and $136,000, respectively. What was the balance of accounts receivable on January 1,2021 , if $150 in accounts receivable were written off during 2021 and if the allowance account had a balance of $570 on December 31, 2021? Mustiple Chaice None of these answer choices are correct $490 $45,650 536,000
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