exercise 5-3 analyzing

Exercise 5-3 Analyzing account balances for a company using the allowance method of accounting for uncollectible accounts The following account balances come from the records of King Company: Beginning Balance Ending Balance Accounts Receivable Allowance for Doubtful Accounts $4,000 $4,500 250 150 During the accounting period, King recorded $21,000 of service revenue on account. The com- pany 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 the period