The following account balances come from the records of Springfield Company. During the accounting period, Springfield recorded
Question:
The following account balances come from the records of Springfield Company.
During the accounting period, Springfield recorded $32,000 of service revenue on account. The company also wrote off a $300 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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