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The Stevens Company provided $57,000 of services on account during 2014, its first year in operation. During 2014, Stevens collected $40,000 of cash from its

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The Stevens Company provided $57,000 of services on account during 2014, its first year in operation. During 2014, Stevens collected $40,000 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 54.250 O o O $285 O $10,000 Multiple Choice $4,250. $285. $10,000 O $1,140

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