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The accounts receivable balance for Renue Spa at December 31, Year 1, was $85,000. Also on that date, the balance in the Allowance for Doubtful
The accounts receivable balance for Renue Spa at December 31, Year 1, was $85,000. Also on that date, the balance in the Allowance for Doubtful Accounts was $2.900. During Year 2. $2.200 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 $216.000, and cash collections from receivables were $217.982. Uncollectible accounts expense was estimated to be 1 parcent of the sales on account for the period. Required 6. Record the transactions in general journal form and post to T-accounts. 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) Nek realizoble value of accounts receivable at December 31. Year 2 c. What amount of uncollectible accounts expense All Renue report for Year 2? dation Complete this question by entering your answers in the tabubelow. Required A General Required AT Required Pequired Journal Accounts Record the transactions in general your com.sund to reaction centelectus Jumal entry was in the first accounted Journal entry worksheet Record the transactions in general journal form. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction fist Journal entry worksheet A B C D E F Record antry for uncollectible accounts written off. Note: Enter debits before cradics Transaction General Jourgal Debit Credit Record entry Clear entry Vieja Racord the transactions in general Journal form. (If no entry required for a transaction/event select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Required a. Record the transactions in general Journal form and post to T-accounts 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 wil Renue report for Year 2? Complete this question by entering your answers in the tabs below. Required General Required.AT Accounts Reyired's Required c Journal What amount of uncollectible accounts exphael Renue report for Year 2? Unable Decounts expense
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