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The miller company earned $117,000 of revenue on account during year 1. there was no beginning balance in the accounts receivable and allowance accounts. During
The miller company earned $117,000 of revenue on account during year 1. there was no beginning balance in the accounts receivable and allowance accounts. During year 1, miller collected $79,000 of cash from its recivables accounts. the company estimates that it will be unable to collect 3% of its sales on account. what is the amount of uncollectible accounts expense that will be recognized on the year 1 income statement? A) 1,140 B) 2,370 C)3510 D)38,000
what is the amount of uncollectible accounts expense that will be recognized on the year 1 income statement?
A) 1,140
B) 2,370
C)3510
D)38,000
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