Deducting the related allowance for doubtful accounts

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Reference no: EM131292233

At the close of its first year of operations, December 31, 2017, Ming Company had accounts receivable of $1,620,000, after deducting the related allowance for doubtful accounts. During 2017, the company had charges to bad debt expense of $270,000 and wrote off, as uncollectible, accounts receivable of $120,000. What should the company report on its balance sheet at December 31, 2017, as accounts receivable before the allowance for doubtful accounts?

PLEASE EXPLAIN AND SHOW WORK

$1,470,000

$1,320,000

$2,010,000

$1,770,000

Reference no: EM131292233

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