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As of January 1,2021, Company had a credit balance of 535,000 in its allowance for...

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Accounting

As of January 1,2021, Company had a credit balance of 535,000 in its allowance for uncollectible accounts. Based on experience, 2% of the company's gross accounts receivable have been uncollectibleDuring 2021, the company wrote off 665,000 of accounts receivable . The company's gross accounts receivable as December 31,2021, is 18,750,000 In its December 31,2021, balance sheet, what amount should the company report as allowance for uncollectible accounts?

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