The following account balances come from the records of Stone Company:

During the accounting period, Stone recorded $21,000 of service revenue on account. The company also wrote off a $180 account receivable.
Required
a. Determine the amount of cash collected from receivables.
b. Determine the amount of uncollectible accounts expense recognized during the period.

Transcribed Image Text:

Beginning Balance Ending Balance Accounts Receivable Allowance for Doubtful Accounts $4,000 150 $4,500 250