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Problem - What is the balance of Accounts Receivable at December 31, 2017? How do you get the answer?

Accounts receivable-January 1, 2017 - $236,000

Credit sales during 2017 - $820,000

Collections from credit customers during 2017 - $590,000

Customer accounts written off as uncollectable during 2017 - $8,000

Allowance for doubtful accounts-January 1, 2017 - $8,700

Estimated noncollectable accounts based on an aging analysis - $9,600

Bad debts expense for the year - $11,000

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