Business, 09.10.2021 08:10 studyoverload

On January 1, Year 2, Grande Company had a $69,000 balance in the Accounts Receivable account and a $2,500 balance in the Allowance for Doubtful Accounts account. During Year 2, Grande provided $180,000 recognized service revenue on account. The company collected $210,100 cash from accounts receivable. Uncollectible accounts are estimated to be 1% of sales on account. The amount of uncollectible accounts expense recognized on the Year 2 income statement is:

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On January 1, Year 2, Grande Company had a $69,000 balance in the Accounts Receivable account and a...

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