Assume the following: Accounts Receivable 1/1 $330,000 Accounts Receivable 12/31 $350,000 Allowance for Doubtful Accounts 1/1 ($24,000)

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Question:

Assume the following: Accounts Receivable 1/1 $330,000 Accounts Receivable 12/31 $350,000 Allowance for Doubtful Accounts 1/1 ($24,000) Allowance for Doubtful Accounts 12/31 ($26,000) Credit Sales for the year $800,000 Bad Debt Expense for the year $12,000 Actual write-offs during the year $10,000.

What is the net Accounts Receivable balance that would be shown on the Balance Sheet as of 12/31?