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On January 1, Year 2, the Accounts Receivable balance was $25,800 and the balance in the Allowance for Doubtful Accounts was $2,800. On January 15,
On January 1, Year 2, the Accounts Receivable balance was $25,800 and the balance in the Allowance for Doubtful Accounts was $2,800. On January 15, Year 2, an $800 uncollectible account was written-off. The net realizable value of accounts receivable immediately after the write-off is: -6 359 i On January 1, Year 2, Grande Company had a $64,800 balance in the Accounts Receivable account and a $1600 balance in the Allowance for Doubtful Accounts account. During Year 2. Grande provided $159,000 of service on account. The company collected $173,500 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
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