The amount of uncollectible accounts expense recognized

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The Mason Company earned $113,000 of revenue on account during 2013. There was no beginning balance in the accounts receivable and allowance accounts. During 2013 Morgan collected $77,000 of cash from its receivables accounts. The company estimates that it will be unable to collect 3% of its sales on account.

The amount of uncollectible accounts expense recognized on the 2013 income statement was:

The net realizable value of Morgan's receivables at the end of 2013 was:

Reference no: EM13776861

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