You are auditing accounts receivable for Fogel Computer Supplies as of December 31 and have sent 50 positive confirmations. One customer, for whom Fogel indicated a balance of $13,000, wrote two exceptions in their response. First, the customer stated that $1,500 of the balance represented a computer that was not received until January 3 of the following year, and that they therefore did not owe that amount as of December 31. You followed up and found that Fogel shipped the computer on December 30 F.O.B. Shipping Point. Another exception was $500 for a printer that the customer had sent back unopened on December 27 because Fogel had sent the wrong model. You followed up and found that Fogel had received the printer on December 29 but did not issue a credit memorandum until January 2 of the following year due to a holiday break. What balance should Fogel show as of December 31 for this customer?

Group of answer choices

$13,000

$12,500

$11,500

$11,000