Question

Arwin Company revealed the following information for 2020: Accounts receivable on January 650,000 Credit sales 2,700,000...

Arwin Company revealed the following information for 2020:
Accounts receivable on January 650,000
Credit sales 2,700,000
Sales returns 75,000
Collections from customers 2,150,000
Accounts written off 40,000
Estimated future sales returns at year-end 50,000
Estimated uncollectible accounts receivable at year-end
per aging 110,000

On December 31, 2020, what is the balance of accounts receivable before allowance for doubtful accounts and allowance for sales returns?

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