Question
The following information relates to Halloran Co.'s accounts receivable for 2021: Accounts receivable balance, 1/1/2021 $ 844,000 Credit sales for 2021 3,470,000 Accounts receivable written
The following information relates to Halloran Co.'s accounts receivable for 2021:
| Accounts receivable balance, 1/1/2021 | $ | 844,000 | |
| Credit sales for 2021 | 3,470,000 | ||
| Accounts receivable written off during 2021 | 53,000 | ||
| Collections from customers during 2021 | 2,920,000 | ||
| Allowance for uncollectible accounts balance, 12/31/2021 | 211,000 | ||
What amount should Halloran report for accounts receivable, before allowances, at December 31, 2021?
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Managerial Accounting, 1, (6 Months)
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
14th Edition
1337270814, 9781337270816
