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need help with 5&6 On January 1, Year 2. Grande Company had a $75.200 batance in the Accounts Receivable account and a $3.800 baiance in
need help with 5&6
On January 1, Year 2. Grande Company had a \$75.200 batance in the Accounts Receivable account and a $3.800 baiance in the Aliowance for Doubtful Accounts account. During Year 2 Gatande provided \$211,000 recognized service revenue on account. The company collected $264.300 cash from accounts teceivable. Uncollectible accounts are estamated to be thi of sales on account The amount of uncoltectible accolnts expense recognized on the year 2 income statement as. Muliple Cholice $2.643 $2.050 On January 1. Year 1, Muton Manufecturing Company purchased nquipment with a list peice of $88,000 A total of 54000 wat paid for installation and testing During the first yeat, Milton paid 56.000 for insulance on the equipment and another $2200 for routine malitenance and repairs. Miton uses the units-of production method of depreciation. Useful llfe is estimuted at 100.000 units and estatated savage. Value is 58.000. During Year 1, the equipment produced 13000 units. What is closest to the amourt of depreciation foc the year? Maliple Criose 511960 512740 510.920 Step by Step Solution
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