At the close of its third year of operations,on December 31,2014,the Runner Company had receivables of $350,000,which were net of the related allowance for doubtful accounts.During 2014,the company had charges to bad debt expense of $50,000 and wrote off,as uncollectible,accounts receivable of $22,000.Runner had a balance in its allowance for uncollectible accounts at December 31,2013 of $8,100.
Required:
What should the company report on its balance sheet at December 31,2014,as accounts receivable before the allowance for uncollectible accounts?

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Krishna Jayaswal · Accepted Answer

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