Reference no: EM132767306
Problem - The following information relates to Jay Co.'s accounts receivable for 2019:
Accounts receivable, 1/1/19 650,000
Credits sales for 2019 2,700,000
Sales returns for 2019 75,000
Accounts written off during 2019 40,000
Collections from customer during 2019 2,150,000
Estimated future sales return at 12/31/19 50,000
Estimated uncollectible accounts at 12/31/19 110,000
Required - What amount should Jay report for accounts receivable, before allowances for sales returns and uncollectible accounts, at December 31, 2019?
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