Renue Spa had the following balances as of December $31,$ Year $1$: Accounts receivable was $$83,000,$ allowance for doubtful accounts was $$2,300$ and total retained earnings at the end of Year $1$ was $$80,700.$

During Year $2$ the company experienced the following events:

$1.$ Accounts receivable in the amount of $$1,900$ were written off as uncollectible.

$2.$ Collected $$110$ of receivables that had been written off in a previous accounting period.

$3.$ Provided $$222,000$ worth of services on account during Year $2.$

$4.$ Cash collections from receivables were $$224,037$ during Year $2.$

$5.$ 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$)$:

$1.$ 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 receivable at December $31,$ Year $2.$

c$.$ What amount of uncollectible accounts expense will Renue Spa record for Year $2?$

Complete this question by entering your answers in the tabs below.

Req A

Reg B and C

Organize the information in accounts under an accounting equation.

Note: Enter any decreases to account balances with a minus sign. Leave cells blank if no input is needed.

RENUE SPA

Accounting Equation

Balance Sheet

Event

Cash

$+$

Assets

Net Realizable Value of

Accounts Receivable

$=$

Liabilities

Equity

Retained

Earnings

Account Titles for Retained Earnings

Balance

$1.$

$2$a$.$

$26.$

$3.$

$4.$

$5.$

Balance

$$

$+$

$0$

$+$

$0+$

Req A

Reg B and C $>$