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Renue Spa had the following balances at December 31, Year 1: Cash of $14,000, Accounts Receivable of $90,000, Allowance for Doubtful Accounts of $2,000, and

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Renue Spa had the following balances at December 31, Year 1: Cash of $14,000, Accounts Receivable of $90,000, Allowance for Doubtful Accounts of $2,000, and Retained Earnings of $102,000. During Year 3, $2,300 of accounts receivable were written off as uncollectible. In addition, Renue unexpectedly collected $140 of receivables that had been written off in a previous accounting period. Services provided on account during Year 3 were $216,000, and cash collections from receivables were $217,982. Uncollectible accounts expense was estimated to be 1 percent of the sales on account for the period. Required a. Organize the transaction data in accounts under an accounting equation. Based on the preceding information, compute (after year-end adjustment): 1. (1) Balance of Allowance for Doubtful Accounts at December 31, Year 3. 2. (2) Balance of Accounts Receivable at December 31, Yeat 3. 3. (3) Net realizoble value of Accounts Receivable at December 31, Year 3 c. What amount of uncollectible accounts expense will Renue Spa have for Year 3? Complete this question by entering your answers in the tabs below. Reg A Reg B and C Req B and C Req A Organize the transaction data in accounts under an accounting equation. (Enter any decreases to account balances with a minus si "Accounts Titles for Retained Earnings" column may require an input leave cells blank if there is no corresponding Retained Earnir RENUE SPA Horizontal Statements Model Equity Assets Accounts Titles for Retained Earnings Event Liabilities Retained Earnings Accounts Receivable Cash Allowance Bal. 1 2a 2b. 3. 4. 5 Bal. 0 0 Req A Req B and C 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. What amount of uncollectible accounts expense will Renue Spa for Year 3? b-1 Allowance for doubtful accounts b-2. Accounts receivable b-3 Net realizable value Uncollectible accounts expense

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