The following information relates to Graham Housing Inc.'s accounts receivable for 2018: Accounts receivable, 1/1/18...
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Accounting
The following information relates to Graham Housing Inc.'s accounts receivable for 2018:
Accounts receivable, 1/1/18 $750,000
Sales for 2018 $2,700,000
Sales returns for 2018 $75,000
Accounts written off during 2018 $40,000
Collections from customers during 2018 $2,150,000
Estimated future sales returns at 12/31/18 $50,000
Estimated uncollectible accounts at 12/31/18 $110,000
What amount should Graham Housing report for accounts receivable, before allowance for sales returns and uncollectible accounts, at December 31, 2018?
A. $1,200,000.
B. $1,125,000.
C. $1,085,000.
D. $1,185,000.
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