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The following information relates to Jay Co's accounts receivable for 2004: Accounts receivable, 1/1/04 Credit sales for 2004 Sales urns for 2004 Accounts written off

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The following information relates to Jay Co's accounts receivable for 2004: Accounts receivable, 1/1/04 Credit sales for 2004 Sales urns for 2004 Accounts written off during 2004 Collections from customers during 2004 Estimated future sales returns at 12/31/04 Estimated uncollectible accounts at 12/31/04 $650,000 2,700,000 75,000 40,000 2,150,000 50,000 110,000 What amount should Jay report for accounts receivable, before allowances for sales returns and uncollectible accounts, on December 31, 2004? $1,085,000 $1,200,000 $1,125,000 $925,000

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