Problem - What is the balance of Accounts Receivable at December 31, 2017? How do you get the answer?
Accounts receivable-January 1, 2017 - $236,000
Credit sales during 2017 - $820,000
Collections from credit customers during 2017 - $590,000
Customer accounts written off as uncollectable during 2017 - $8,000
Allowance for doubtful accounts-January 1, 2017 - $8,700
Estimated noncollectable accounts based on an aging analysis - $9,600
Bad debts expense for the year - $11,000