The following account balances come from the records of Teton Company.

During the accounting period, Teton recorded $12,000 of service 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 theperiod.

Transcribed Image Text:

Beginning Balance $3,000 Ending Balance S3,500 Accounts Receivable Allowance for Doubtful Accounts 120 200