Question: Exercise 7.3A (Algo) Analyzing account balances for A company using the allowance method of accounting for uncollectible accounts LO 7-1 The following account balances come
Exercise 7.3A (Algo) Analyzing account balances for A company using the allowance method of accounting for uncollectible accounts LO 7-1 The following account balances come from the records of Ourso Company: Duting the accounting period, Ourso recorded $12,600 of sales revenue on account. The company also wrote off a $125 account receivable. Required: 1. Determine the amount of cash collected from receivables. 2. Determine the amount of uncollectible accounts expense recognized during the period
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