The following information relates to Halloran Co.'s accounts receivable for 2011:

Accounts receivable balance, 1/1/11	$   859,000
Credit sales for 2011	3,330,000
Accounts receivable written off during 2011	69,000
Collections from customers during 2011	3,060,000
Allowance for uncollectible accounts balance, 12/31/11	219,000

What amount should Halloran report for accounts receivable, before allowances, at December 31, 2011?

	$1,060,000.
	$1,129,000.
	$841,000.
	None of the above.

Correct answer is $1,060,000.

Explanation of the Answer is
$859,000 + 3,330,000 − 69,000 − 3,060,000 = $1,060,000

Wish you good luck!