Bricker Corp. estimates the allowance for uncollectible accounts at 3% of the ending balance of gross accounts receivable. During 2024, Bricker's credit sales and collections were $106,000 and $147,000, respectively. 

What was the balance of gross accounts receivable on January 1, 2024, if $90 in accounts receivable were written off during 2024 and if the allowance account had a balance of $630 on December 31, 2024?

Answer rating: 100% (QA)

Let x be the balance of gross accounts receivable on January 12024 The balance o... View the full answer