Question: Exercise 5-3A (Algo) Analyzing account balances for a company using the allowance method of accounting for uncollectible accounts LO 5-1 The following account balances come

 Exercise 5-3A (Algo) Analyzing account balances for a company using the

Exercise 5-3A (Algo) Analyzing account balances for a company using the allowance method of accounting for uncollectible accounts LO 5-1 The following account balances come from the records of Ourso Company: Accounts receivable Allowance for doubtful accounts Beginning Balance $3,128 108 Ending Balance $3,500 187 During the accounting period. Ourso recorded $12,450 of sales revenue on account. The company also wrote off a $149 account receivable. Required a. Determine the amount of cash collected from receivables. b. Determine the amount of uncollectible accounts expense recognized during the period. a Collections of accounts receivable b. Uncollectible accounts expense

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