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On January 1 Year 2. Grande Company had a $64,000 balance in the Accounts Receivable account and a $1.400 balance in the Allowance for Doubtful

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On January 1 Year 2. Grande Company had a $64,000 balance in the Accounts Receivable account and a $1.400 balance in the Allowance for Doubtful Accounts account. During Year 2. Grande provided $155.000 recognized service revenue on account. The company collected $166700 cash from accounts receivable. Uncollectible accounts are estimated to be 1% of sales on account The amount of uncollectible accounts expense recognized on the Year 2 income statement is Multiple Choice $1,550 $640 $1,667 $1,250

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