Business, 17.03.2020 03:18 selfiegymnast

On January 1, Year 2, Kincaid Company's Accounts Receivable and the Allowance for Doubtful Accounts carried balances of $74,600 and $3,700, respectively. During the year Kincaid reported $208,000 of credit sales. Kincaid wrote off $2,000 of receivables as uncollectible in Year 2. Cash collections of receivables amounted to $258,900. Kincaid estimates that it will be unable to collect one percent (1%) of credit sales. The net realizable value of receivables appearing on Kincaid's Year 2 balance sheet will amount to:

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On January 1, Year 2, Kincaid Company's Accounts Receivable and the Allowance for Doubtful Accounts...

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