Business
Business, 06.05.2021 21:50, madisonnewby5021

Jane's Bakery estimates the allowance for uncollectible accounts at 1% of the ending balance of accounts receivable. During 2021, Jane's credit sales and collections were $125,000 and $145,000, respectively. What was the balance of accounts receivable on January 1, 2021, if $250 in accounts receivable were written off during 2021 and if the allowance account had a balance of $720 on December 31, 2021

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