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Kimberly Company had net sales (all on account) in 2025 of $8280000. At December 31,2025 , before adjusting entries, the balances in selected accounts were:
Kimberly Company had net sales (all on account) in 2025 of $8280000. At December 31,2025 , before adjusting entries, the balances in selected accounts were: accounts receivable $1280000 debit, and allowance for doubtful accounts $3900 debit. Kimberly estimates that 3% of its accounts receivable will prove to be uncollectible. What will be reported for accounts receivable, net on the December 31,2025 balance sheet? $1241600$1245500$42300$1237700
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