Accelerated SolutionsThe following data are from the company…
Accelerated SolutionsThe following data are from the company’s records for the year ended December 31: Accounts receivable–January 1 $ 350,000 Credit sales during the year 1,200,000 Collections from credit customers during the year 850,000 Customer accounts written off as uncollected during the year 10,000 Allowance for doubtful accounts–January 1 35,000 Estimated uncollected accounts based on an aging analysis 50,000 Refer to Accelerated Solutions. What is the balance of Accounts Receivable at December 31?
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