ACCT $2101$: Exercise $7-6$A $($Algo$)$ Effect of recovering a receivable previously written off LO $7-1$

Renue Spa had the following balances at December $31,$ Year $2$: Cash of $$17,000,$ Accounts Receivable of $$87,000,$ Allowance for Doubtful Accounts of $$2,500,$ and Retained Earnings of $$101,500.$ During Year $3,$ the following events occurred:

$$1,900$ of accounts receivable were written off as uncollectible.

The company unexpectedly collected $$130$ of receivables that had been written off in a previous accounting period.

Services provided on account during Year $3$ were $$216,000.$

Cash collections from receivables were $$217,982.$

Uncollectible accounts expense was estimated to be $1$ percent of the sales on account for the period.

Required:

Organize the transaction data in accounts under an accounting equation.

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 $3.$

What amount of uncollectible accounts expense will Renue Spa have for Year $3?$