chez fred bakery estimates the allowance for uncollectible accounts at 1% of the ending balance of accounts receivable. during 2024, chez fred's credit sales and collections were $124,000 and $133,000, respectively. what was the balance of accounts receivable on january 1, 2024, if $270 in accounts receivable were written off during 2024 and if the allowance account had a balance of $540 on december 31, 2024?
