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The Stevens Company provided $55,000 of services on account during 2014, its first year in operation. During 2014, Stevens collected $39,000 of cash from

The Stevens Company provided $55,000 of services on account during 2014, its first year in operation. During 2014, Stevens collected $39,000 of cash from its receivables accounts. The company estimates that it will be unable to collect 2% of its revenues on account. The amount of uncollectible accounts expense recognized on the 2014 Income statement was Multiple Choice $9,750 $4,000. $1.100 $275

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