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The Oso Loco Bar & Grill had the following balances for Accounts Receivable and the Allowance for Doubtful Accounts: Accts. Receivable: BOY $2,800, EOY $3,600
The Oso Loco Bar & Grill had the following balances for Accounts Receivable and the Allowance for Doubtful Accounts:
Accts. Receivable: BOY $2,800, EOY $3,600
Allowance for Doubtful Accts: BOY $280, EOY $350
Oso Loco also recorded $14,000 of sales revenue on account and wrote off a $150 receivable.
- How much cash was collected in receivables? __________
- The amount of Uncollectible Accounts Expense recognized during the period was __________.
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