What ending balance of accounts receivable for tokyo office

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At the beginning of 2019, Tokyo Office Supplies, Inc. has the following account balances:

Accounts Receivable $44,000 (debit balance)

Allowance for Bad Debts $6,000 (credit balance)

Bad Debts Expense $0

Problem 1: During the year, credit sales amounted to $800,000. Cash collected on credit sales amounted to $760,000, and $18,000 has been written off. At the end of the year, the company adjusted for bad debts expense using the percent-of-sales method and applied a rate, based on past history, of 3.5%. The ending balance of Accounts Receivable is

Reference no: EM132771676

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