QUESTION 21 BG, Inc. had $100,000 in accounts receivable on January 1, 2019. During 2019 the Company had credit sales of $700,000 and cash collections on account receivable of $600,000. In addition, the Company wrote off $50,000 of customer accounts receivable as being uncollectible during 2019. As a result of these transactions the balance in accounts receivable on December 31, 2019 was: $800,000 $250,000 $200,000 $150,000