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Business, 27.10.2021 19:00 lopez80

Chez Fred Bakery estimates the allowance for uncollectible accounts at 2% of the ending balance of accounts receivable. During 2021, Chez Fred's credit sales and collections were $108,000 and $150,000, respectively. What was the balance of accounts receivable on January 1, 2021, if $260 in accounts receivable were written off during 2021 and if the allowance account had a balance of $1,050 on December 31, 2021

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