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the adjusted trial balance of lalisa company as of December 31 2019 shows an account...

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Accounting

the adjusted trial balance of lalisa company as of December 31 2019 shows an account receivable balance of 1500000 and an allowance for bad debts of 50000 cash sales often company represent 15% of gross sales total sales in 2020 amounted to 13000000 the total face value of accounts receivable collected during the year was 9300000 sales returns in 2020 amounted to 350000 during 2020 accounts totalling 75000 were written off as uncollectible

Based on the information given determine the accounts receivable balance as of December 31 2020

  1. 2825000

  2. 2900000

  3. 1325000

  4. 2850000

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