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The Following Information Relates to Halloran Co What Amount Should Halloran Report for Accounts Receivable, Before Allowances

Question 72

Multiple Choice

The following information relates to Halloran Co.'s accounts receivable for 2018: Accounts receivable balance, 1/1/2018 $840,000Credit sales for 2018 3,300,000Accounts receivable written off during 2018 70,000 Collections from customers during 20183,100,000Allowance for uncollectible accounts balance, 12/31/2018 120,000\begin{array}{lr}\text {Accounts receivable balance, 1/1/2018 }&\$840,000\\\text {Credit sales for 2018 }&3,300,000\\\text {Accounts receivable written off during 2018 }&70,000\\\text { Collections from customers during 2018}&3,100,000\\\text {Allowance for uncollectible accounts balance, \( 12 / 31 / 2018 \) }&120,000\\\end{array}
What amount should Halloran report for accounts receivable, before allowances, at December 31, 2018?


A) $1,040,000.
B) $970,000.
C) $760,000.
D) None of these answer choices are correct.

Correct Answer:

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