How much should suri report at dec. 31, 2021

Reference no: EM133659522

Question: Suri Co reviewed its accounts receivable at Dec. 31, 2021. The balance in the receivables account was $1,386,000. Suri categorized the receivables by age as follows: Days Outstanding Amount Est. % Uncollectible 0 - 60 $504,000 1% 61 - 120 $378,000 2% Over 120 $504,000 6% $1,386,000 The balance in the allowance for doubtful accounts at Dec. 31 2020 was $92,400. During 2021, the company wrote off receivables of $75,600. How much should Suri report at Dec. 31, 2021 for its allowance for doubtful accounts?

Reference no: EM133659522

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