15. The Lawndale Company starts the current year with the following T-account balances:

    1. Accounts receivable = $300,000 debit

    2. Allowance for doubtful accounts = $15,000 credit

    3. During the year, the following events take place:

       1. $18,000 in receivables are written off as uncollectible.

       2. Credit sales of $800,000 are made

       3. Cash of $680,000 is collected from the receivables

       4. A $2,000 receivable written off above is collected (amount is not included in the $680,000 figure).

1. Company officials believe that 5 percent of the ending accounts receivable will eventually prove to be uncollectible.

3. Required:

   1. On its balance sheet, what is reported as the net accounts receivable balance?