Renue Spa had the following balances at December 31, Year 2: Cash of $17,000, Accounts Recelvable of $86,000, Allowance for Doubtful Accounts of $3,000, and Retained Earnings of $100,000. During Year 3 , the following events occurred: 1. $2,200 of accounts receivable were written off as uncollectible. 2. Renue unexpectedly collected $150 of recelvables that had been written off in a previous accounting period. 3. Services provided on account during Year 3 were $223,000. 4. Cash collections from receivables were $225,046. 5. Uncollectible accounts expense was estimated to be 1 percent of the sales on account for the period. Required: 1. Organize the transaction data in accounts under an accounting equation. 2. Based on the preceding information, compute (after year-end adjustment): (1) Balance of Allowance for Doubtful Accounts at December 31 , Year 3. (2) Balance of Accounts Receivable at December 31, Year 3 (3) Net realizable value of Accounts Receivable at December 31, Year 3. 3. What amount of uncollectible accounts expense will Renue Spa have for Year 3 ? Complete this question by entering your answers in the tabs below. Organize the transaction data in accounts under an accounting equation. Note: Enter any decreases to account balances with a minus slgn. Not all cells require input. Exercise 7.6A (Algo) Effect of recovering A receivable previously written off LO 7-1 Renue Spa had the following balances at December 31, Year 2; Cash of $17,000, Accounts Receivable of $86,000, Allowance for Doubtful Accounts of $3,000, and Retained Earnings of $100,000. During Year 3 , the following events occurred: 1. $2,200 of accounts recelvable were written off as uncollectible. 2. Renue unexpectedly collected $150 of recelvables that had been written off in a previous accounting period. 3. Services provided on account cluring Year 3 were $223,000. 4. Cash collections from receivables were $225,046. 5. Uncollectible accounts expense was estimated to be 1 percent of the sales on account for the period. Required: 1. Organize the transaction data in accounts under an accounting equation. 2. Based on the preceding information, compute (after year-end adjustment): (1) Balance of Allowance for Doubtful Accounts at December 31, Year 3 . (2) Balance of Accounts Recelvable at December 31, Year 3 (3) Net realizable value of Accounts Receivable at December 31, Year 3. 3. What amount of uncollectible accounts expense will Renue Spa have for Year 3 ? 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 3. (2) Balance of Accounts Receivable ot December 31 , Year 3 (3) Net realizable value of Accounts Recelvable at December 31, Year 3. What amount of uncollectible accounts expense will Renue Spa have for Year 37