Saved Help Save & Ent Check my we The following information is available for Quality Book Sales' sales on account and accounts receivable Accounts receivable balance, January 1, Year 2 Allowance for doubtful accounts, January 1, Year 2 $78,700 Sales on account, Year 2 4,750 553,000 Collection on accounts receivable, Year 2 550.000 After several collection attempts, Quality Book Sales wrote of $2.700 of accounts that could not be collected Qualty Book Sales estimates that 5 percent of the ending accounts receivable balance will be uncollectible Required a. Compute the following amounts: (1) Using the allowance method, the amount of uncollectible accounts expense for Year 2 (2) Net realizable value of receivables at the end of Year 2 b. Record the general journal entries to (1) Record sales on account for Year 2 (2) Record cash collections from accounts receivable for Year 2 (3) Write off the accounts that are not collectible (4) Record the estimated uncollectible accounts expense for Year 2 Prov C aw