The following account balances come from the records of Ourso Company: During the accounting period, Ourso recorded
Question:
During the accounting period, Ourso recorded $14,000 of sales revenue on account. The company also wrote off a $150 account receivable.
Required
a. Determine the amount of cash collected from receivables.
b. Determine the amount of uncollectible accounts expense recognized during the period.
Transcribed Image Text:
Beginning Balance Ending Balance Accounts Receivable Allowance for Doubtful Accounts $2,800 280 $3,600 350
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a Analyze the Accounts Receivable account Accounts Receivable Beginning Bala...View the full answer
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Related Book For
Fundamental Financial Accounting Concepts
ISBN: 978-0078025907
9th edition
Authors: Thomas Edmonds, Christopher Edmonds
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