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On January 1, Year 2. Grande Company had a $73,800 balance in the Accounts Receivable account and a $3,500 balance in the Allowance for Doubtful
On January 1, Year 2. Grande Company had a $73,800 balance in the Accounts Receivable account and a $3,500 balance in the Allowance for Doubtful Accounts account. During Year 2, Grande recognized $204,000 of service revenue earned on account. The company collected $252,100 cash from accounts receivable Uncollectible accounts are estimated to be 1% of sales on account Based on this information, the amount of cash flow from operating activities that would appear on the Year 2 statement of cash flows is: Multiple Choice $23,750 $2,040 $3,590 $252,100
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