Saved The accounts receivable balance for Renue Spa at December 31, Year 1, was $80,000. Also on that date, the balance in the Allowanc for Doubtful Accounts was $3,000. Total retained earnings at the end of Year 1 was $77,000. During Year 2. $2,400 of accounts receivable were written off as uncollectible. In addition, Renue unexpectedly collected $130 of receivables that had been written off a previous accounting period. Services provided on account during Year 2 were $222,000, and cash collections from receivables we $224,037. 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. (1) Balance of Allowance for Doubtful Accounts at December 31, Year 2. 2. (2) Balance of Accounts Receivable at December 31, Year 2 3. (3) Net realizable value of Accounts Receivable at December 31, Year 2. c. What amount of uncollectible accounts expense wil Renue Spa record for Year 2? Skloped eBook PI Complete this question by entering your answers in the tabs below. Roterences Reg Red Band Organize the information in accounts under an accounting equation Center any decreases to account balances with a minus sign. If there is no effect on the Accounts Titles for Retained Earnings, leave the cell blank. Not all cells will require entry) RENUE SPA Horizontal Statements Model Equity Liabilities Retained Earnings Event Assets NRV Accounts Receivable Cash Accounts Titles for Retained Earnings Bal + + + + + 0 Ren Band 2 10 points The accounts receivable balance for Renue Spa at December 31, Year 1, was $80,000. Also on that date, the balance in the Allowance for Doubtful Accounts was $3,000. Total retained earnings at the end of Year I was $77.000. During Year 2. 2.400 of accounts receivable were written off as uncollectible. In addition, Renue unexpectedly collected $130 of receivables that had been written off in a previous accounting period. Services provided on account during Year 2 were $222,000, and cash collections from receivables were $224,037. 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. (1) Balance of Allowance for Doubtful Accounts at December 31, Year 2 2.(2) Balance of Accounts Receivable at December 31, Year 2. 3. (3) Net realizable value of Accounts Receivable at December 31, Yeat 2 c. What amount of uncollectible accounts expense wil Renue Spa record for Year 2? Skloped Book Print Complete this question by entering your answers in the tabs below. Reg 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 What amount of uncollectible accounts expense Will Renue Spa record for Year 27 Show less 6-1 Allowance for de som b-2 Accounts receive Uncle consente