The Stevens Company provided $49,000 of services on account during 2014, its first year in...
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Accounting
The Stevens Company provided $49,000 of services on account during 2014, its first year in operation. During 2014, Stevens collected $36,000 of cash from its receivables accounts. The company estimates that it will be unable to collect 2% of its revenues on account. The amount of uncollectible accounts expense recognized on the 2014 income statement was
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