On January 1, Year 2. Grande Company had a $69.000 balance in the Accounts Receivable...
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Accounting
On January 1, Year 2. Grande Company had a $69.000 balance in the Accounts Receivable account and a $2,500 balance in the Allowance for Doubtful Accounts account. During Year 2. Grande provided $180,000 of service on account. The company collected $210,100 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: Multiple Choice O $2,101
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