The following information relates to Halloran Co.'s accounts receivable for 2021:

 The following information relates to Halloran Co.'s accounts receivable for 2021:
                
Accounts receivable balance, 1/1/2021    $    851,000    
Credit sales for 2021         3,300,000    
Accounts receivable written off during 2021         53,000    
Collections from customers during 2021         2,990,000    
Allowance for uncollectible accounts balance, 12/31/2021         201,000    

What amount should Halloran report for accounts receivable, before allowances, at December 31, 2021?

Multiple Choice

$1,108,000.


$907,000.


None of these answer choices are correct.


$1,161,000.

Answer

$1,108,000.
Explanation
$851,000 + $3,300,000 − $53,000 − $2,990,000 = $1,108,000

 

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