Business
Business, 08.07.2019 16:20, paulusl19

On january 1, year 2, kincaid company's accounts receivable and the allowance for doubtful accounts carried balances of $65,400 and $1,700, respectively. during the year kincaid reported $162,000 of credit sales. kincaid wrote off $1,350 of receivables as uncollectible in year 2. cash collections of receivables amounted to $178,900. kincaid estimates that it will be unable to collect one percent (1%) of credit sales. the net realizable value of receivables appearing on kincaid's year 2 balance sheet will amount to:

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Business, 27.06.2019 18:10, damiangomzzz903
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Business, 08.08.2019 22:30, bullockarwen
On january 1, year 2, kincaid company's accounts receivable and the allowance for doubtful accounts carried balances of $69,000 and $2,500, respectively. during the year kincaid reported $180,000 of credit sales. kincaid wrote off $1,600 of receivables as uncollectible in year 2. cash collections of receivables amounted to $210,100. kincaid estimates that it will be unable to collect one percent (1%) of credit sales. the amount of uncollectible accounts expense recognized in the year 2 income statement will be:
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