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1. The following account balances come from the records of Ourso Company: Beginning Balance $2,542 102 Accounts receivable Allowance for doubtful accounts Ending Balance $3,910
1. The following account balances come from the records of Ourso Company: Beginning Balance $2,542 102 Accounts receivable Allowance for doubtful accounts Ending Balance $3,910 170 During the accounting period, Ourso recorded $11,250 of sales revenue on account. The company also wrote off a $131 account receivable. Required a. Determine the amount of cash collected from receivables. b. Determine the amount of uncollectible accounts expense recognized during the period. a. Collections of accounts receivable b. Uncollectible accounts expense
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