Find the amount of uncollectible accounts expense

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Reference no: EM132794641

Problem - The Miller Company recognized $131,000 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 $86,000 of cash from accounts receivable. The company estimates that it will be unable to collect 3% of its sales on account. Find the amount of uncollectible accounts expense recognized on the Year 2 income statement?

Reference no: EM132794641

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