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Exercise 7-3A (Algo) Analyzing account balances for a company using the allowance method of accounting for uncollectible accounts LO 7-1 The following account balances
Exercise 7-3A (Algo) Analyzing account balances for a company using the allowance method of accounting for uncollectible accounts LO 7-1 The following account balances come from the records of Ourso Company. Accounts receivable Allowance for doubtful accounts Beginning Balance $ 3,226 126 Ending Balance $ 3,607 207 During the accounting period, Ourso recorded $11,750 of sales revenue on account. The company also wrote off a $181 account receivable. Required a. Determine the amount of cash collected from receivables. b. Determine the amount of uncollectible accounts expense recognized during the period. Complete this question by entering your answers in the tabs below. Required A Required B
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