Record the transactions in general journal form. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record entry for uncollectible accounts expense. Note: Enter debits before credits. Record the transactions in general journal form. (If no entry is required for a transaction/event, select "No journat entry required" in the first account field.) Journal entry worksheet Record entry for reinstated previously written-off accounts. Note: Enter debits before credas. Complete this question by entering your answers in the tabs below. Based on the preceding information, compute (after year-end 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 receivable at December 31 , Year 2. The accounts recelvable balance for Renue Spa at December 31 , Year 1 , was $84,000. Also on that date, the balance in the Allowance for Doubtful Accounts was $2,200. During Year 2,$2,000 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 during Year 2 were $223,000, and cash collections from receivables were $225,046. Uncollectible accounts expense was estimated to be 1 percent of the sales on account for the period. Required a. Record the transactions in general journal form and post to T-accounts. b. Based on the preceding information, compute (after year-end adjustment): (1) Balance of allowance for doubtful accounts at December 31 , Year 2. (2) Balance of accounts receivable 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. Record the transactions in general journal form. (If no entry is required for a transaction/event, select "No fournal entry required" in the first account field.) Post the transactions to T-accounts. Record the transactions in general journal form. (If no entry is required for a transaction/event, select "No joumal entry required" in the first account field.) Journal entry worksheet Note: Enter debits before credits. iecord the transactions in general journal form. (If no entry is required for a transaction/event, select "No journal entry required" in the ist account field.) Journal entry worksheet Record entry for collected reinstated accounts. Note: Enter debits before credits. Record the transactions in general journal form. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet E F Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. What amount of uncollectible accounts expense will Renue report for Year 2? Record the transactions in general journal form. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet D E F Record entry for uncollectible accounts written off. Note: Enter debits before credits
