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Renue Spa had the following balances as of December 31, Year 1: Accounts recelvable was $90,000, allowance for doubtful accounts was $2,900 and total retained

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Renue Spa had the following balances as of December 31, Year 1: Accounts recelvable was $90,000, allowance for doubtful accounts was $2,900 and total retained earnings at the end of Year 1 was $87,100. During Year 2 the company experienced the following events: 1. Accounts recelvable in the amount of $2,200 were written off as uncollectible. 2. Collected $200 of receivables that had been written off in a previous accounting period. 3. Provided $219,000 worth of services on account during Year 2. 4. Cash collections from receivables were $221,009 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 uncoliectible accounts expense will Renue Spa record for Year 2

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