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Olive corporation had a credit balance in the allowance for doubtful accounts of $62,000 at 1/1/19. During 2019, is $21,400 of accounts and collected $7,800
Olive corporation had a credit balance in the allowance for doubtful accounts of $62,000 at 1/1/19. During 2019, is $21,400 of accounts and collected $7,800 on accounts previously written off. The amount of bad debt expense recognized in 2019 is $11,000. If valdes estimates at the year-end that %6 of accounts receivable will prove to be uncollectible, what is the accounts receivable balance at 12/31/2019?
$ 183,333
$ 990,000
$ 1,443,333
$ 1,520,000
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