The following information relates to Charleston Co.'s accounts receivable for 2021: Accounts receivable balance, 1/1/2021 $ 840,000 Credit sales for 2021 3,300,000 Accounts receivable written off during 2021 70,000 Collections from customers during 2021 3,100,000 Allowance for uncollectible accounts balance, 12/31/2021 210,000
The following information relates to Charleston Co.'s accounts receivable for 2021: Accounts receivable balance, 1/1/2021 $ 840,000 Credit sales for 2021 3,300,000 Accounts receivable written off during 2021 70,000 Collections from customers during 2021 3,100,000 Allowance for uncollectible accounts balance, 12/31/2021 210,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
The following information relates to Charleston Co.'s
Accounts receivable balance, 1/1/2021 |
$ |
840,000 |
|
Credit sales for 2021 |
|
3,300,000 |
|
Accounts receivable written off during 2021 |
|
70,000 |
|
Collections from customers during 2021 |
|
3,100,000 |
|
Allowance for uncollectible accounts balance, 12/31/2021 |
|
210,000 |
|
What amount should Halloran report for accounts receivable, before allowances, at December 31, 2021?
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