c. What amount of uncollectible accounts expense will Revenue Spa have for Year 3?

Req A:

Req B and C:

Renue Spa had the following balances at December 31, Year 2. Cash of $20,000, Accounts Receivable of $90,000, Allowance for Doubtful Accounts of $2,700, and Retained Earnings of $107,300. During Year 3, the following events occurred: 1. $2,500 of accounts receivable were written off as uncollectible. 2. Renue unexpectedly collected $160 of receivables that had been written off in a previous accounting period. 3. Services provided on account during Year 3 were $219,000. 4. Cash collections from receivables were $221,009. 5. Uncollectible accounts expense was estimated to be 1 percent of the sales on account for the period. Required a. Organize the transaction data in accounts under an accounting equation. b. 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 c. What amount of uncollectible accounts expense will Renue Spa have for Year 3? Req A Req B and C Organize the transaction data in accounts under an accounting equation. (Enter any decreases to account bal Not all cells require input.) RENUE SPA Event Assets NRV Accounts Receivable Accounting Equation Liabilities Equity Retained Earnings + Account Titles for Retained Earnings Cash Bal. 1. 2a. 2b. 3 HH 4. 5 Bal. 0 01+ 0 Req B and C > Required a. Organize the transaction data in accounts under an accounting equation. b. 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. c. What amount of uncollectible accounts expense will Renue Spa have for Year 3? Complete this question by entering your answers in the tabs below. es Req A Req B and C 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? b(1) Allowance for doubtful accounts b(2) Accounts receivable b(3) Net realizable value c. Uncollectible accounts expense