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Ine tollowing intormation is avallable for Guality ok sales' sales on account and accounts receivable: After several collection attempts, Quality Book Sales wrote off $3,000

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Ine tollowing intormation is avallable for Guality ok sales' sales on account and accounts receivable: After several collection attempts, Quality Book Sales wrote off $3,000 of accounts that could not be collected. Quality Book Sal estimates that 4 percent of the ending accounts recelvable balance will be uncollectible. Required a. Compute the following amounts: (1) Using the allowance method, the amount of uncoliectible accounts expense for Year 2. (2) Net realizable value of recelvables at the end of Year 2. b. Record the general journal entries to: (1) Record sales on account for Year 2. (2) Record cash collectionsfrom accounts receivable for Year 2. (3) Write off the accounts that are not collectible. (4) Record the estimated uncollectible accounts expense for Year 2. Complete this question by entering your answers in the tabs below. Compute the following amounts: (1) Using the allowance method, the amount of uncollectible accounts expense for Year 2. (2) Net realizable value of receivables at the end of Year 2. Complete this question by entering your answers in the tabs below. Record the general journal entries to: (1) Record sales on account for Year 2. (2) Record cash collections from accounts receivable for Year 2. (3) Write off the accounts that are not collectible. (4) Record the estimated uncollectible accounts expense for Year 2. (If no entry is required for a transaction/event, select "No joumal entry required in the first account field.)

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