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Determine the amount of uncollectible accounts expense

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Question - The Miller Company recognized $113,000 of service revenue earned on account during Year 2. There was no beginning balance in the accounts receivable and allowance accounts. During Year 2, Miller collected $77,000 of cash from accounts receivable. The company estimates that it will be unable to collect 3% of its sales on account.

Required - Determine the amount of uncollectible accounts expense recognized on the Year 2 income statement?

Reference no: EM133183128

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