Question: The following account balances come from the records of Ourso

The following account balances come from the records of Ourso Company:
During the accounting period, Ourso recorded $14,000 of sales revenue on account. The company also wrote off a $150 account receivable.
Required
a. Determine the amount of cash collected from receivables.
b. Determine the amount of uncollectible accounts expense recognized during the period.



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  • CreatedApril 20, 2015
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