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The following account balances come from the records of Ourso Company: Beginning Balance Accounts receivable Ending Balance $3,004 $3,453 Allowance for doubtful accounts 130 186
The following account balances come from the records of Ourso Company: Beginning Balance Accounts receivable Ending Balance $3,004 $3,453 Allowance for doubtful accounts 130 186 During the accounting period, Ourso recorded $12,650 of sales revenue on account. The company also wrote off a $185 account receivable. Required a. Determine the amount of cash collected from receivables. b. Determine the amount of uncollectible accounts expense recognized during the period. a. Collections of accounts receivable b. Uncollectible accounts expense
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