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  3. on january 1, 2011 grace company had an $13,500 ba

On January 1, 2011 Grace Company had an $13,500 balance in the Accounts Receivable account...

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Accounting

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On January 1, 2011 Grace Company had an $13,500 balance in the Accounts Receivable account and a zero balance in the Allowance for Doubtful Accounts account. During 2011, Grace provided $55,500 of service on account. The company collected $48,110 cash from account receivable. Uncollectible accounts are estimated to be 13% of sales on account. The amount of uncollectible accounts expense recognized on the 2011 income statement is: Multiple Choice O $1755

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