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On January 1 Year 2. Kincaid Company's Accounts Receivable and the Alowance for Doubtful Accounts carried balances of $71.000 and $2.900, respectively. During Year 2.

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On January 1 Year 2. Kincaid Company's Accounts Receivable and the Alowance for Doubtful Accounts carried balances of $71.000 and $2.900, respectively. During Year 2. Kincaid reported $190,000 of credit sales, wrote of $1750 of recevables as uncollectible and collected cash from recevables amounting to $227700 Kincaid estimates that it will be unable to collect one percent (194) of credit sales What is the netreble value ofrecevables that will be reported on Kincaid's Year 2 balance sheet? de Choice 5300 31550

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