On January 1, Year 2 Grande Company had a $26,000 balance in the Accounts Receivable account...

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On January 1, Year 2 Grande Company had a $26,000 balance in the Accounts Receivable account and a zero balance in the Allowance for Doubtful Accounts account. During Year 2, Grande provided $88,000 of service on account. The company collected $84,500 cash from accounts receivable. Uncollectible accounts are estimated to be 2% of sales on account. What is the amount of uncollectible accounts expense recognized on the Year 2 income statement? Multiple Choice $520 $9,500 $1,760 $1,690 On January 1, Year 2 Grande Company had a $26,000 balance in the Accounts Receivable account and a zero balance in the Allowance for Doubtful Accounts account. During Year 2, Grande provided $88,000 of service on account. The company collected $84,500 cash from accounts receivable. Uncollectible accounts are estimated to be 2% of sales on account. What is the amount of uncollectible accounts expense recognized on the Year 2 income statement? Multiple Choice $520 $9,500 $1,760 $1,690

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Answer 1760 Estimated Uncollectibles ... View the full answer