Calculate the carrying amount of the accounts receivable

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Reference no: EM133326652

Case: The account balances of Cullumber Company at December 31, 2024, the end of the current year, show Accounts Receivable
$140,400; Allowance for Doubtful Accounts $1,700 (credit); Sales $1,128,600; Sales Returns and Allowances $60,000; and Sales
Discounts $15,600.
Record the adjusting entry at December 31, 2024, assuming uncollectible accounts are estimated to be 10% of accounts
receivable.
Question: Calculate the carrying amount of the accounts receivable.

Reference no: EM133326652

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