3. Crane Co. provides for doubtful accounts based on 3% of gross accounts receivable. The following data are available for 2025.
Credit sales during 2025
$3,603,000
Bad debt expense
57,750
Allowance for doubtful accounts 1/1/25
15,810
Collection of accounts written off in prior years (customer credit was reestablished)
8,350
Customer accounts written off as uncollectible during 2025
27,120
What is the balance in Allowance for Doubtful Accounts at December 31, 2025?
Allowance for doubtful accounts 12/31/25
$
4. At the end of its first year of operations, December 31, 2025, Cheyenne Inc. reported the following information.
Accounts receivable, net of allowance for doubtful accounts
$927,300
Customer accounts written off as uncollectible during 2025
21,750
Bad debt expense for 2025
82,370
What should be the balance in accounts receivable at December 31, 2025, before subtracting the allowance for doubtful accounts?
Accounts receivable, before deducting allowance for doubtful accounts
$