Exercise 7-6A (Algo) Effect of recovering a receivable previously written off LO 7-1 The accounts receivable balance for Renue Spa at December 31, Year 1, was $83,000. Also on that date, the balance in the Allowance for Doubtful Accounts was $2,700. During Year 2,$2,500 of accounts recelvable were written off as uncollectible. In addition, Renue unexpectedly collected $170 of recelvables that had been written off in a previous accounting period. Services provided on account duting Year 2 were $220,000, and cash collections from recelvables were $222.018. Uncollectible accounts expense was estimated to be 1 percent of the sales on account for the period. Required a. Record the transactions in general joumal form and post to T-accounts. b. Based on the preceding information, compute (after yeo fond adjustment): (1) Balance of allowance for doubtful accounts at December 31, Year 2. (2) Balance of accounts recelvable at December 31, Year 2. (3) Net realizable value of accounts recelvable at December 31, Year 2. c. What amount of uncollectible accounts expense will Renue report for Year 2? Complete this question by entering your answers in the tabs below. Post the transactions to T-accounts