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On Jan 1 yr2 company had a 19000 balance in accounts receivable and a zero balance in the allowance for doubtful accounts. During yr 2,
On Jan 1 yr2 company had a 19000 balance in accounts receivable and a zero balance in the allowance for doubtful accounts. During yr 2, company provided 74000 of service on account. The company collected 70500 cash from accounts receivable uncollecible accounts are estimated to be 2 % of sales on account what is the amount of uncollectible account expense recognized on income statement
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