The accounts receivable balance for Renue Spa at December $31,$ Year $1,$ was $$82,000.$ Also on that date, the balance in the Allowance for Doubtful Accounts was $$2,300.$ Total retained earnings at the end of Year $1$ was $$79,700.$ During Year $2,$$$2,500$ of accounts receivable were written off as uncollectible. In addition, Renue unexpectedly collected $$190$ of receivables that had been written off in a previous accounting period. Services provided on account during Year $2$ were $$218,000,$ and cash collections from receivables were $$220,000.$ 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 amo$$nt of uncollectible accounts expense will Renue Spa record for Year $2?$

The accounts receivable balance for Renue Spa at December $31,$ Year $1,$ was $$82,000.$ Also on that date, the balance in the Allowance for Doubtful Accounts was $$2,300.$ Total retained earnings at the end of Year $1$ was $$79,700.$ During Year $2,$$$2,500$ of accounts receivable were written off as uncollectible. In addition, Renue unexpectedly collected $$190$ of receivables that had been written off in a previous accounting period. Services provided on account during Year $2$ were $$218,000,$ and cash collections from receivables were $$220,000.$ 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 uncollectible accounts expense will Renue Spa record for Year $2?$

Complete this question by entering your answers in the tabs below.

Req A

Req $B$ and $C$

Organize the information in accounts under an accounting equation. $($Enter 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.$)$

$\backslash$table$[[$RENUE SPA$],[$Horizontal Statements Model$],[$Event$,$Assets,$=,$Liabilities,$+,\backslash$table$[[$Equity$],[$Retained$],[$Earnings$]],\backslash$table$[[$Accounts Titles for Retained$],[$Earnings$]]],[$Cash$,+,\backslash$table$[[\backslash$table$[[$NRV Accounts$],[$Receivable$]]]]],[$Bal$.,0,+,79,700,=,0,+,79,700,],[1.,0,+,0,=,0,+,0,],[2a.,0,+,218,000,=,0,+,218,000,$Revenue$],[2b.,190,+,(190),=,0,+,,],[3.,0,+,,=,,+,$s$.,$Uncollectible accounts expense$],[4.,220,000,+,(220,000),=,0,+,0,],[5.,0,+,0,=,0,+,0,],[$Bal$.,220,190,+,77,510,=,0,+,297,700,]]$

The accounts receivable balance for Renue Spa at December $31,$ Year $1,$ was $$82,000.$ Also on that date, the balance in the Allowance for Doubtful Accounts was $$2,300.$ Total retained earnings at the end of Year $1$ was $$79,700.$ During Year $2,$$$2,500$ of accounts receivable were written off as uncollectible. In addition, Renue unexpectedly collected $$190$ of receivables that had been written off in a previous accounting period. Services provided on account during Year $2$ were $$218,000,$ and cash collections from receivables were $$220,000.$ 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 $2.$

$(2)$ Balanc