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O January 1 Year 2, Kincaid Company's Accounts Receivable and the Allowance for Doubtful Accounts carried balances of $69,600 and $2,600, respectively. During the
O January 1 Year 2, Kincaid Company's Accounts Receivable and the Allowance for Doubtful Accounts carried balances of $69,600 and $2,600, respectively. During the yo Kand reported $183,000 of credit sales. Kincaid wrote off $1,650 of receivables as uncollectible in Year 2. Cash collections of receivables amounted to $215 500 Kinowd estimates that it will be unable to collect one percent (%) of credit sales The net realizable value of receivables appearing on Kincaid's Year 2 balance sheet will amount to: Muple Choice $33620 532670 O $37:00 636460
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