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Joey's Bke Shop sels new and used bicyde parts. Nithough a majorty of its swles are cash sales, it makes a significant amount of Cedit

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Joey's Bke Shop sels new and used bicyde parts. Nithough a majorty of its swles are cash sales, it makes a significant amount of Cedit sales Duing Year ti is frut year of operntions. Joey's Bike Shap expenenced the following. Required its sales on account will not be collected. Arswner the following evestions: (1) What is the Accounts Receivabie balance at December 3t Year II ore posted? 9) What is the arnount of uncollectible accounts espense for hear 1 ? (4) What is the net reasiable value of accounts receivable at Oecember 31 , War 7 b. Assuhe that Joev Bibe Shop uses the drect wrile-off method of accounting for uncolectible accounts. Anawer the following quewbins (1) What is the Accounts Peccilvable balance at December Jt, Year 1? (2) What is the amount of uncoliecrible accounts expense for Year 1 ? a) What is the net reatizsble value of acceounts receivable at December 3t was? ? Complete this quentien by entering your anrwers in the tabs belew. enciles are peited

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