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Testbank Multiple Choice Question 100

At the close of its first year of operations, December 31, 2020, Coronado Industries had accounts receivable of $1588000, after deducting the related allowance for doubtful accounts. During 2020, the company had charges to bad debt expense of $243000 and wrote off, as uncollectible, accounts receivable of $114000. What should the company report on its balance sheet at December 31, 2020, as accounts receivable before the allowance for doubtful accounts? Correct answer: $1717000