On December 31, 2022, Costa Coffee reported the following information on its balance sheet: Accounts Receivable $1,140,000 Allowance for Doubtful Accounts 65,000 During 2023, the Company had the following transactions related to receivables: Credit Sales Collections on Account Accounts deemed uncollectible and written off Collection on accounts previously written off (credit) a. $1,698,000 b. $1,578,000 c. $1,629,000 d. $1,870,000 e. $1,612,000 $4,140,000 3,582,000 86,000 17,000 The balance in the Accounts Receivable account, before any adjusting journal entries, would be Select one:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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On December 31, 2022, Costa Coffee reported the following information on its balance sheet:
Accounts Receivable
$1,140,000
Allowance for Doubtful Accounts 65,000
During 2023, the Company had the following transactions related to receivables:
Credit Sales
Collections on Account
Accounts deemed uncollectible and written off
Collection on accounts previously written off
(credit)
a. $1,698,000
b. $1,578,000
c. $1,629,000
d. $1,870,000
e. $1,612,000
$4,140,000
3,582,000
86,000
17,000
The balance in the Accounts Receivable account, before any adjusting journal entries, would be:
Select one:
Transcribed Image Text:On December 31, 2022, Costa Coffee reported the following information on its balance sheet: Accounts Receivable $1,140,000 Allowance for Doubtful Accounts 65,000 During 2023, the Company had the following transactions related to receivables: Credit Sales Collections on Account Accounts deemed uncollectible and written off Collection on accounts previously written off (credit) a. $1,698,000 b. $1,578,000 c. $1,629,000 d. $1,870,000 e. $1,612,000 $4,140,000 3,582,000 86,000 17,000 The balance in the Accounts Receivable account, before any adjusting journal entries, would be: Select one:
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