The following account balances come from the records of Ourso Company. Beginning Balance. $ 2,582 110...
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The following account balances come from the records of Ourso Company. Beginning Balance. $ 2,582 110 Accounts receivable Allowance for doubtful accounts Ending Balance $3,566 194 During the accounting period, Ourso recorded $12,150 of sales revenue on account. The company also wrote off a $164 account receivable. Required a. Determine the amount of cash collected from receivables. b. Determine the amount of uncollectible accounts expense recognized during the period. The following account balances come from the records of Ourso Company. Beginning Balance. $ 2,582 110 Accounts receivable Allowance for doubtful accounts Ending Balance $3,566 194 During the accounting period, Ourso recorded $12,150 of sales revenue on account. The company also wrote off a $164 account receivable. Required a. Determine the amount of cash collected from receivables. b. Determine the amount of uncollectible accounts expense recognized during the period.
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Related Book For
Fundamental Financial Accounting Concepts
ISBN: 978-0078025907
9th edition
Authors: Thomas Edmonds, Christopher Edmonds
Posted Date:
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