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Accounts Receivable Balance, January 1, Year 2 Allowance for Doubtful Accounts, January 1, Year 2 Sales on Account, Year 2 Collections of Accounts Receivable, Year

Accounts Receivable Balance, January 1, Year 2 Allowance for Doubtful Accounts, January 1, Year 2 Sales on Account, Year 2 Collections of Accounts Receivable, Year 2 $125,220 3,460 887,010 911,007 After several collection attempts, Quality Book Sales wrote off $2,810 of accounts that could not be collected. Quality Book S estimates that 100 percent of sales on account will be uncollectible Required a. Compute the following amounts: (1) Using the allowance method, the amount of uncollectible accounts expense for Year 2. (Round your final answer to new whole dollar amount.) (2) Net realizable value of receivables at the end of Year 2 (Round intermediate calculations final answer to nearest who amount.) 1 Uncollectible accounts expense 2 Net realizable value

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