Business, 10.07.2019 05:10 eminim01

On january 1, year 2, grande company had a $64,800 balance in the accounts receivable account and a $1,600 balance in the allowance for doubtful accounts account. during year 2, grande provided $159,000 of service on account. the company collected $173,500 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 $1,735. $648. $1,590. $1,300.

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On january 1, year 2, grande company had a $64,800 balance in the accounts receivable account and a...