Joleen Co. had the following balances at the end of the last two years after...
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Joleen Co. had the following balances at the end of the last two years after all adjusting entries): 2021 2020 Accounts Receivable. $ 250,000 $ 130,000 Allowance for Bad Debts ( 40,000) ( 20,000) Net Accounts Receivabl. $ 210,000 $ 110,000 During 2021, Bad Debt expense was $30,000. Write-offs of uncollectible accounts were $10,000 during the year. Credit sales for 2021 were $600,000. What were cash collections from Accounts Receivable during 2021? O $470,000 O $490.000 $530,000 O $500,000
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