Business, 10.08.2021 03:30 emmaguentherp3hjd3

On January 1, Year 2, Grande Company had a $72,400 balance in the Accounts Receivable account and a $3.200 balance in the Allowance for Doubtful Accounts account. During Year 2. Grande provided $197000 of service on account. The company collected $239,900 cash from accounts receivable. Uncollectible accounts are estimated to be 1% of sales on account. The amount of uncollectible accounts expense recognized on the Year 2 income statement is:. a. $1,970
b. $724
c. $2.399
d. $1850.

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On January 1, Year 2, Grande Company had a $72,400 balance in the Accounts Receivable account and a...

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