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collected $69,000 of cash from accounts receivable. The company estimates that it will be unable to collect 3% of its sales on account. The amount

collected $69,000 of cash from accounts receivable. The company estimates that it will be unable to collect 3% of its sales on account. The amount of uncollectible accounts expense recognized on the Year 2 income statement was: Multiple Choice $2,070. $840. $2,910. $28,000

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