Van Dijk Corporation estimates the allowance for uncollectible accounts at 3% of the balance of accounts receivable. During 2020, Van Dijk wrote off $89,300 of accounts receivable and collected $23,770 on accounts previously written off. Bad debt expense for 2020 was $169,000. The balance in accounts receivable was $7,280,000 at 12/31/2020. What was the balance in accounts receivable at 1/1/2020?

Multiple Choice

• $6,807,660

• $5,250,961

• $4,623,333

• $3,831,000

Which of the following is different in terms of its effect on par value per share?

Multiple Choice

• Stock splits

• Stock repurchases

• Stock issuances

• Stock dividends