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Exercise 5-3 Analyzing account balances for a company using the allowance method of accounting for uncollectible accounts LO 5-1 The following account balances come from
Exercise 5-3 Analyzing account balances for a company using the allowance method of accounting for uncollectible accounts LO 5-1 The following account balances come from the records of King Company Accounts Receivable Allowance for Doubtful Accounts $3,229 105 $3,666 202 During the accounting period, King recorded $11.200 of service revenue on account. The company also wrote off a $183 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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