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The following information relates to Halloran Co.'s accounts receivable for 2021: Accounts receivable balance, 1/1/2021 $ 860,000 Credit sales for 2021 3,360,000 Accounts receivable written

The following information relates to Halloran Co.'s accounts receivable for 2021:

Accounts receivable balance, 1/1/2021 $ 860,000
Credit sales for 2021 3,360,000
Accounts receivable written off during 2021 66,000
Collections from customers during 2021 3,030,000
Allowance for uncollectible accounts balance, 12/31/2021 220,000

What amount should Halloran report for accounts receivable, before allowances, at December 31, 2021?

Multiple Choice

  • $1,124,000.

  • $1,190,000.

  • $904,000.

  • None of these answer choices are correct.

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