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The following account balances come from the records of Ourso Company: During the accounting period, Ourso recorded $ 1 2 , 8 5 0 of
The following account balances come from the records of Ourso Company:
During the accounting period, Ourso recorded $ of sales revenue on account. The company also wrote off a $ account
receivable.
Required:
Determine the amount of cash collected from receivables.
Determine the amount of uncollectible accounts expense recognized during the period.
a Collections of accounts receivable
b Uncollectible accounts expenseThe following account balances come from the records of Ourso Company:
Beginning Balance Ending Balance
Accounts receivable $ $
Allowance for doubtful accounts
During the accounting period, Ourso recorded $ of sales revenue on account. The company also wrote off a $ 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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