The following account balances come from the records of Ourso Company. Beginning Balance $ 3,141 116 Ending Balance $ 3,982 Accounts receivable Allowance for doubtful accounts 202 During the accounting period, Ourso recorded $12,300 of sales revenue on account. The company also wrote off a $123 account receivable. Required a. Determine the amount of cash collected from receivables. b. Determine the amount of uncollectible accounts expense recognized during the period. Complete this question by entering your answers in the tabs below. Required A Required B Determine the amount of cash collected from receivables. Collections of accounts receivable
The following account balances come from the records of Ourso Company. Beginning Balance $ 3,141 116 Ending Balance $ 3,982 Accounts receivable Allowance for doubtful accounts 202 During the accounting period, Ourso recorded $12,300 of sales revenue on account. The company also wrote off a $123 account receivable. Required a. Determine the amount of cash collected from receivables. b. Determine the amount of uncollectible accounts expense recognized during the period. Complete this question by entering your answers in the tabs below. Required A Required B Determine the amount of cash collected from receivables. Collections of accounts receivable
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter5: Accounting Systems
Section: Chapter Questions
Problem 8E: The revenue and cash receipts journals for Mirage Productions Inc. follow. The accounts receivable...
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