Question: ch 5A-B 25 Pts Help Save & Exit On January 1, Year 2, Kincaid Company's Accounts Receivable and the Allowance for Doubtful Accounts carried balances

ch 5A-B 25 Pts Help Save & Exit On January 1, Year 2, Kincaid Company's Accounts Receivable and the Allowance for Doubtful Accounts carried balances of $66,200 and $1,900, respectively. During the year Kincaid reported $166,000 of credit sales. Kincaid wrote off $1,400 of receivables as uncollectible in Year 2. Cash collections of receivables amounted to $185,700. King id estimates that it will be unable to collect one percent (1%) of credit sales. The amount of uncollectible accounts expense recognized in the Year 2 income stater Multiple Choice 0 0 0

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