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On January 1, Year 2 Grande Company had a $25,000 balance in the Accounts Receivable account and a zero balance in the Allowance for
On January 1, Year 2 Grande Company had a $25,000 balance in the Accounts Receivable account and a zero balance in the Allowance for Doubtful Accounts account. During Year 2, Grande provided $86,000 of service on account. The company collected $82.500 cash from accounts receivable. Uncollectible accounts are estimated to be 2% of sales on account. What is the amount of uncollectible accounts expense recognized on the Year 2 income statement? Multiple Choice $500 $9,000 $1,720 $1,650
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