Question
The following information relates to Halloran Co.'s accounts receivable for 2021: Accounts receivable balance, 1/1/2021 $ 848,000 Credit sales for 2021 3,390,000 Accounts receivable written
The following information relates to Halloran Co.'s accounts receivable for 2021:
| Accounts receivable balance, 1/1/2021 | $ | 848,000 | |
| Credit sales for 2021 | 3,390,000 | ||
| Accounts receivable written off during 2021 | 68,000 | ||
| Collections from customers during 2021 | 3,080,000 | ||
| Allowance for uncollectible accounts balance, 12/31/2021 | 216,000 | ||
What amount should Halloran report for accounts receivable, before allowances, at December 31, 2021?
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Financial Accounting
Authors: Robert F. Meigs, Jan R. Williams, Mark S. Bettner, Susan F. Haka, Sue Haka
11th Edition
0072516682, 978-0072516685
