On January 1, 2013, Alliance Company had the following balances for accounts receivable and allowance for doubtful accounts:
During 2013 the company made $3,200,000 in credit sales, collected $3,000,000 of accounts receivable and wrote off $20,000 of accounts receivable as uncollected.Required:

Question

On January 1, 2013, Alliance Company had the following balances for accounts receivable and allowance for doubtful accounts:
  During 2013 the company made $3,200,000 in credit sales, collected $3,000,000 of accounts receivable and wrote off $20,000 of accounts receivable as uncollected.Required:

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The Answer of On January 1, 2013, Alliance Company had the following balances for accounts receivable and allowance for doubtful accounts:
  During 2013 the company made $3,200,000 in credit sales, collected $3,000,000 of accounts receivable and wrote off $20,000 of accounts receivable as uncollected.Required:

On January 1, 2013, Alliance Company Had the Following Balances