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The following account balances come from the records of Cuevas Company:

1756_264-B-A-C-R (1696).png

During the accounting period, Cuevas recorded $11,000 of sales revenue on account. The company also wrote off an $120 account receivable.

Required: 

a. Determine the amount of cash collected from receivables. 
b. Determine the amount of uncollectible accounts expense recognized during the period. 

Accounting Basics, Accounting

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