For bout Calbel (Body) Layout Exercise 7-5B AAA-AE-E- P Type here to search View Help RCM PERALA Acrobat AaCcDd Abcd AaBbCr Abcat Aab Tale 1. Recognized $68,000 of revenue on account. 2. Collected $62,000 cash from accounts receivable. A RI Pried Eaptacy Analyzing financial statement effects of accounting for uncollectible accounts using the percent of revenue allowance method Tull Bros. uses the allowance method to account for uncollectible accounts expense. Tull experienced the following four events in Year 1: 8 3. Determined that $500 of accounts receivable were not collectible and wrote them off. P Comments 4. Recognized uncollectible accounts expense for the year. Tull estimates that uncollectible accounts expense will be 2 percent of its sales. Required Rain today O

Exercise 7.5B Amalyging financial sfatement effects of accounting for ancollectible accountr using the percent of revemue allowance method Tull Brok uces the allow ance method to accouns for uncollectible accoustserpene Tult eypenencal the following four events in Year 1 1. Recognias $68,000 of revenue on account 2. Collected 562.000 cests from accounts rocavable expense will be 2 percent of its sales