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What is the balance in the accounts receivable account

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Question - A business has the following balances at the beginning of the year:

Accounts receivable: 155000

Allowance for doubtful accounts: -13250

The following summary transactions occurred during the year.

Sales for the year, 100% on credit: 290000

Cash collected on accounts receivable for the year: 289200

Write-offs of uncollectable accounts receivable: 18600

Received a cheque from a customer whose account was previously written off: 1860The overall rate used to estimate the allowance for doubtful accounts at year end: 14%

Using the information above, answer the following questions - What is the balance in the accounts receivable account at year end, what is the balance in the allowance for doubtful accounts at year end, what is the balance in the bad debt expense account at year end?

Reference no: EM133074563

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