Renfro Company had accounts receivable of $100,000 on January 1, 2021. The only transactions that affected accounts receivable during 2021 were net credit sales of $1,200,000, cash collections of $1,000,000, and accounts written off of $30,000. Part 1 Compute the ending balance of accounts receivable. Ending balance of accounts receivable $

Renfro Company had accounts recelvable ot $100,000 on Jamuary 1, 2021. The onfy transactions that affected accounts receivable during 2021 were net credit sales of $1,200,000, cash collections of $1,000,000. and accounts written off of $30,000