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The Miller Company earned $125,000 of revenue on account during Year 2. There was no beginning balance in the accounts receivable and allowance accounts. During

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The Miller Company earned $125,000 of revenue on account during Year 2. There was no beginning balance in the accounts receivable and allowance accounts. During Year 2, Miller collected $83,000 of cash from its receivables accounts. The company estimates that it will be unable to collect 3% of its sales on account The amount of uncollectible accounts expense recognized on the Year 2 income statement was Multiple Choice O 32,490. $42,0. O . O Csso

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