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The following account balances come from the records of Ourso Company: beginning balance ending balance accounts receivable 3,173 3,409 allowance for doubtful accounts 103 185
The following account balances come from the records of Ourso Company:
beginning balance | ending balance | |
accounts receivable | 3,173 | 3,409 |
allowance for doubtful accounts | 103 | 185 |
During the accounting period, Ourso recorded $12,550 of sales revenue on account. The company also wrote off a $173 account receivable.
Required
a. Determine the amount of cash collected from receivables.
b. Determine the amount of uncollectible accounts expense recognized during the period.
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