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The following account balances come from the records of Ourso Company: Beginning Balance Ending Balance Accounts receivable $ 3,209 $ 3,757 Allowance for doubtful accounts
The following account balances come from the records of Ourso Company:
Beginning Balance | Ending Balance | ||||||
Accounts receivable | $ | 3,209 | $ | 3,757 | |||
Allowance for doubtful accounts | 149 | 204 | |||||
During the accounting period, Ourso recorded $12,700 of sales revenue on account. The company also wrote off a $139 account receivable.
Required
- Determine the amount of cash collected from receivables.
- Determine the amount of uncollectible accounts expense recognized during the period.
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