Question

The following account balances come from the records of King Company:


During the accounting period, King recorded $21,000 of service revenue on account. The company also wrote off a $180 account receivable.

Required
a. Determine the amount of cash collected from receivables.
b. Determine the amount of uncollectible accounts expense recognized during theperiod.


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  • CreatedOctober 26, 2013
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