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On anuary 1 Year 2 Grande Company had a $11,000 balance in the Accounts Recevable account and a zero balance i the Allowance or u
On anuary 1 Year 2 Grande Company had a $11,000 balance in the Accounts Recevable account and a zero balance i the Allowance or u t Accounts account During Year 2, Grande provided $58,000 of service on account. The company collected $54,500 cash from accounts receivable. Uncollectible accounts are estimated to be 2% of sales on account. What is the amount of bad debts expense recognized on the Year 2 income statement? $2000 $220 $1090 $1160
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