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The accounts receivable balance for Renue Spa at December 31, Year 1, was $84,000. Also on that date, the balance in the Allowance for Doubtful

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The accounts receivable balance for Renue Spa at December 31, Year 1, was $84,000. Also on that date, the balance in the Allowance for Doubtful Accounts was $2,000 Total retained earnings at the end of Year 1 was $82,000 Duting Year 2. $2.700 of accounts receivable were written off as uncollectible. In addition, Renue unexpectedly collected $110 of receivables that had been written off in a previous accounting period Services provided on account during Year 2 were $221000, and cash collections from receivables were $223,028 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 will Renue Spa record for Year 2? Complete this question by entering your amwers in the tabs below. Reg A Reg B and C Req A Req B and C Organize the information in accounts under an accounting equation. (Enter any decreases to account balances with a minussion 11 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 Assets Equity Accounts Titles for Retained Event NRV Accounts Liabilities Retained Cash Earnings Receivable Earnings Bal. 1 Accounts Receivable 2a. 2b. 3. 110 + + + + + 4. 223,028 + + + 5. 0 0 0 Bal. 223,138 + Req A Reg B and C 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 2? Show less b-1 Allowance for doubtful accounts b-2. Accounts receivable b-3. Net realizable value Uncollectible accounts expense C.

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