The following information is extracted from Shelton Corporation’s accounting records at the beginning of 2016: During 20

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The following information is extracted from SheltonCorporation’s accounting records at the beginning of 2016:
During 2016, sales on credit amounted to $568,000, $553,600 wascollected on outstanding receivables and $2,600 of receivables werewritten off as uncollectible. On December 31, 2016, Sheltonestimates its bad debts to be 4% of the outstanding gross accountsreceivable balance.
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Prepare the Accounts Receivable section of Shelton's December 31, 2016, balance sheet. 1 Accounts Receivable 2 Allowance for Doubtful Accounts 3 Net Accounts Receivable Shelton Corporation Partial Balance Sheet December 31, 2016 Score: 0/11 $112,400.00 4,712.00