The Stevens Company provided 57000 of services on account du

The Stevens Company provided $57000 of services on account during 2014, its first year in ope 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 o $285 O $10.000 O $1140 O $4.250 type here to search e???

Solution

Uncollectible expense = 2% of service on account

= 57000*2%

= $1,140 answer

Uncollectible expense = 2% of service on account = 57000*2% = $1,140 answer