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15. Bay Company began using the allowance method in 2014. On January 1 2014, Bay had a $4,600 balance in the Accounts Receivable account and
15. Bay Company began using the allowance method in 2014. On January 1 2014, Bay had a $4,600 balance in the Accounts Receivable account and a zero balance in the Allowance for Doubtful Accounts account. During 2014, Bay provided $41000 of service on account. The company collected $20,000 cash from account receivable. Uncollectible accounts are estimated to be 2% of sales on account The amount of cash flow from operating activities that would appear on the 2014 statement of cash flows is O $24,400 $36,400 O $41000 $29.000 MacBook Air TRIFIGHLIK
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