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Check The accounts receivable balance for Renue Spa at December 31, 2017 was 586,000. Also on that date, the balance in the Allowance for Doubtful

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Check The accounts receivable balance for Renue Spa at December 31, 2017 was 586,000. Also on that date, the balance in the Allowance for Doubtful Accounts was $2,600. During 2018, $1900 of accounts receivable were written off as uncollectible. In addition, Renue unexpectedly collected $200 of receivables that had been written off in a previous accounting period. Services provided on account during 2018 were $222,000, and cash collections from receivables were $224,037 Uncollectible accounts expense was estimated to be 1 percent of the sales on account for the period. Required a. Organize the information in accounts under an accounting equation b. Based on the preceding information, compute (after year-end adjustment): 1. (1) Balance of Allowance for Doubtful Accounts at December 31, 2018 2. (2) Balance of Accounts Receivable at December 31, 2018 3. (3) Net realizable value of Accounts Receivable at December 31, 2018 c. What amount of uncollectible accounts expense will Renue Spa for 2018? Complete this question by entering your answers in the tabs below. Rega Reg B and C Based on the preceding information, compute (after year-end adjustment): (1) Balance of Allowance for Doubtful Accounts at December 31, 2018 Help Save & Exit Subr Check my works Reg A Reg B and C Organize the information in accounts under an accounting equation. Show effect on the accounting equation in the order provided in the question. Enter any decreases to account balances with a minus sign, if there is no effect on the Accounts Titles for Retained Earnings, leave the cell blank.) 04.22.07 RENUE SPA Horizontal Statements Model Event Assets Accounts Receivable Liabilities Cash Equity Retained Earnings Accounts Titles for Retained Earnings Allowance + 00 Req Band C > Check my work ReqA Reg B and C Based on the preceding information, compute (after year-end adjustment): (1) Balance of Allowance for Doubtful Accounts at December 31, 2018. (2) Balance of Accounts Receivable at December 31, 2018. (3) Net realizable value of Accounts Receivable at December 31, 2018. What amount of uncollectible accounts expense will Renue Spa for 2018? b-1 b-2 Allowance for doubtful accounts Accounts receivable Net realizable value Uncollectible accounts expense b-3 C

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