1 Renue Spa had the following balances at December 31, Year 2: Cash of $17,000, Accounts Receivable of $85,000, Allowance fo Doubtful Accounts of $2,300, and Retained Earnings of $99,700. During Year 3, the following events occurred: 1. $2,400 of accounts receivable were written off as uncollectible. 2. Renue unexpectedly collected $180 of receivables that had been written off in a previous accounting period. 3. Services provided on account during Year 3 were $217,000. 4. Cash collections from receivables were $218,991. 5. Uncollectible accounts expense was estimated to be 1 percent of the sales on account for the period. Required: 1. Organize the transaction data in accounts under an accounting equation. 2. Based on the preceding information, compute (after year-end adjustment): (1) Balance of Allowance for Doubtful Accounts at December 31, Year 3. (2) Balance of Accounts Receivable at December 31, Year 3 (3) Net realizable value of Accounts Receivable at December 31, Year 3. 3. What amount of uncollectible accounts expense will Renue Spa have for Year 3? Complete this question by entering your answers in the tabs below. Req A Organize the transaction data in accounts under an accounting equation. Note: Enter any decreases to account balances with a minus sign. Not all cells require input. Event Balance 2 N F2 W Req B and C Cash S Assets #3 + + X NRV Accounts Receivable 20 F3 E D $ 4 Q F4 C RENUE SPA Accounting Equation Liabilities R F 67 d % 5 + + Equity Retained Earnings 0 F5

Renue Spa had the following balances at December 31, Year 2: Cash of $17,000, Accounts Recelvable of 585,000, Allowance fo Doubtful Accounts of $2,300, and Retained Earnings of $99,700. During Year 3, the following events occurred: 1. \$2.400 of accounts receivable were written off as uncollectible. 2. Renue unexpectedly collected $180 of receivables that had been written off in a previous accounting period. 3. Services provided on account during Year 3 were $217,000. 4. Cash collections from receivables were \$218.991. 5. Uncollectible accounts expense was estimated to be 1 percent of the sales on account for the period. Required: 1. Organize the transaction data in accounts under an accounting equation. 2. Based on the preceding information, compule (after year-ond adjustment): (1) Balance of Allowance for Doubtful Accounts at December 31, Year 3 : (2) Balance of Accounts Receivable at December 31, Year 3 (3) Net realizable value of Accounts Receivable at December 31, Year 3. 3. What amount of uncollectible accounts expense will Renue Spa have for Year 3 ? Complete this question by entering your answers in the tabs below. Organize the transaction data in accounts under an accounting equation. Organize the transaction data in actiunts under an accounting equstor. Note: Enter any decreases to account balances with a minus sign. Not all cequire inout. 1. Organize the transaction data in accounts under an accounting equation. 2. Based on the preceding information, compute (after year-end adjustment/, (1) Balance of Allowance for Doubtful Accounts at December 31, Year 3 . (2) Balance of Accounts Receivable at December 3t. Year 3 (3) Net realizable value of Accounts Receivable at December 31, Year 3. 3. What amount of uncollectble accounts expense will Renue Spa have for Year 3? Complete this question by entering your answers in the tabs below. Organize the transaction data in accounts under an accounting equation. Note: Enter any decreases to account balances with a minus sigh. Not al celis require input. 1, $2,400 of accounts recelvable were written off as uncollectible. 2. Renue unexpectedly collected $180 of receivables that had been written off in a previous accounting 3. Services provided on account during Year 3 were $217,000. 4. Cash collections from receivables were $218,991. 5. Uncollectible accounts expense was estimated to be 1 percent of the sales on account for the period Required: 1. Organize the transaction data in accounts under an accounting equation. 2. Based on the preceding information, compute (after year-end adjustment? (1) Balance of Allowance for Doubtful Accounts at December 31, Year 3. (2) Balance of Accounts Recelvable at December 31, Year 3 (3) Net realizable value of Accounts Recelvable at December 31, Year 3 . 3. What amount of uncollectble accounts expense will Renue Spa have for Year 3? Complete this question by entering your answers in the tabs below. Based on the preceding information, compute (after yesr-end adjustmene): (1) Balance of Allowance for Doubtful Accounts at December 31, Year 3. (2) Balance of Accounts Recelvable at December 31 . Year 3. (3) Net realizable value of Accounts Recelvable at December 31, Year 3 . What amount of uncollectible accounts expense will Renue Spa have for Year 3