Required information On January 1, 2011 Grace Company had an $13,500 balance in the Accounts Receivable account and a zero balance in the Allowance for Doubtful Accounts account. During 2011, Grace provided $55,500 of service on account. The company collected $48,110 cash from account receivable Uncollectible accounts are estimated to be 13% of sales on account The amount of uncollectible accounts expense recognized on the 2011 income statement is Multiple Choice 3 0 $ % 3 4 5 6 7 8 9 The balance in Accounts Receivable at the beginning of the period amounted to $6,600. During the period $7,400 of credit sales were made to customers, and uncollectible accounts expense amounted to $500. The ending balance in Accounts Receivable is $2,000, and the ending balance in the uncollectibles allowance account is $600. The amount of cash inflow from customers that would appear in the operating section of the statement of cash flows is Multiple Choice $12.000 57400 2. 3 9