Reference no: EM132721864
The following information relates to Stuart Co.'s accounts receivable for 2020:
Accounts receivable balance, 1/1/2020 $1,000,000
Credit sales for 2020 3,500,000
Accounts receivable written off during 2020 125,000
Collections from customers during 2020 3,200,000
Allowance for uncollectible accounts balance, 12/31/2020 250,000
Problem 1: What amount should Stuart report for accounts receivable, before allowances, at December 31, 2020?
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