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

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 $11,700 of sales revenue on account. The company also wrote off a $170 account receivable. Required: 1. Determine the amount of cash collected from recelvables. 2. Determine the amount of uncollectible accounts expense recognized during the period

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