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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On january 1, year 2, kincaid company's accounts receivable and the allowance for doubtful accounts...

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