Reference no: EM133069798

Question - The following information relates to Jay Co.'s accounts receivable for 2004:

Accounts receivable, 1/1/04 $650,000

Credit sales for 2004 2,700,000

Sales returns for 2004 75,000

Accounts written off during 2004 40,000

Collections from customers during 2004 2,150,000

Estimated future sales returns at 12/31/04 50,000

Estimated uncollectible accounts at 12/31/04 110,000

Required - What amount should Jay report for accounts receivable, before allowances for sales returns and uncollectible accounts, on December 31, 2004?