Business, 17.07.2019 21:30 kcarstensen59070

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

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