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For 2014 abc company estimates bad debt expense at 1 of

Question - For 2014, ABC Company estimates bad debt expense at 1% of credit sales. The company reported accounts receivable and an allowance for uncollectible accounts of $86,500 and $2,100, respectively, at December 31, 2013. During 2014, ABC's credit sales and collections were $404,000 and $408,000, respectively, and $2,340 in accounts receivable were written off.

Calculate ABC's accounts receivable at December 31, 2014?

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Accounting Basics: For 2014 abc company estimates bad debt expense at 1 of

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