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: Ending Balance $3,698 191 Accounts receivable Allowance for doubtful accounts Beginning Balance $ 3,147 137 During the accounting period, Ourso recorded $11,900 of sales revenue on account. The company also wrote off a $187 account receivable. Required: 1. Determine the amount of cash collected from receivables. 2. Determine the amount of uncollectible accounts expense recognized during the period. a. Collections of accounts receivable b. Uncollectible accounts expense

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: During the accounting period, Ourso recorded $11,900 of sales revenue on account. The company also wrote off a $187 account recelvable. Required: 1. Determine the amount of cash collected from receivables. 2. Determine the amount of uncollectible accounts expense recognized during the period