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What should be the balance in accounts receivable

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Question - At the end of its first year of operations, December 31, 2015, Chevy Chase Inc. reported the following information.

Accounts receivable, net of allowance for doubtful accounts - $475,000

Customer accounts written off as uncollectible during 2015 - 12,000

Bad debt expense for 2015 - 42,000

What should be the balance in accounts receivable at December 31, 2015, before subtracting the allowance for doubtful accounts?

Reference no: EM131582604

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