The following account balances come from the records of Ourso Company. Beginning Balance $ 2,914 104 Ending Balance Accounts receivable Allowance for doubtful accounts $ 3,805 208

Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter5: Accounting Systems
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estion-1-73A - Connect
Data Sales.xlsx: fa21cob204 Computer Information Systems
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The following account balances come from the records of Ourso Company.
Accounts receivable
Allowance for doubtful accounts
Beginning Balance
$ 2,914
104
Ending Balance
$ 3,805
208
During the accounting period, Ourso recorded $12,500 of sales revenue on account. The company also wrote off a $177 account
receivable,
Required
a. Determine the amount of cash collected from receivables.
b. Determine the amount of uncollectible accounts expense recognized during the period.
* Answer is complete but not entirely correct.
Complete this question by entering your answers in the tabs below.
Required A
Required B
Determine the amount of uncollectible accounts expense recognized during the period.
Uncollectible accounts expense
104 X
< Required A
Required B >
< Prev
1 of 1
Next>
MacBook Pro
@
2#
%
&
3
4
6
8
W
E
R
Y
Transcribed Image Text:A ezto.mheducation.com estion-1-73A - Connect Data Sales.xlsx: fa21cob204 Computer Information Systems Saved Не Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate com The following account balances come from the records of Ourso Company. Accounts receivable Allowance for doubtful accounts Beginning Balance $ 2,914 104 Ending Balance $ 3,805 208 During the accounting period, Ourso recorded $12,500 of sales revenue on account. The company also wrote off a $177 account receivable, Required a. Determine the amount of cash collected from receivables. b. Determine the amount of uncollectible accounts expense recognized during the period. * Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Determine the amount of uncollectible accounts expense recognized during the period. Uncollectible accounts expense 104 X < Required A Required B > < Prev 1 of 1 Next> MacBook Pro @ 2# % & 3 4 6 8 W E R Y
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