The accounts receivable balance for Renue Spa at December 31, Year 1, was $88,000. Also on that date, the balance in the Allowanc for Doubtful Accounts was $2,400. During Year 2. $1,800 of accounts receivable were written off as uncollectible. In addition, Renue unexpectedly collected $170 of receivables that had been written off in a previous accounting period. Services provided on account during Year 2 were $213,000, and cash collections from receivables were $214,954. Uncollectible accounts expense was estimated t be 1 percent of the sales on account for the period. 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 recevable at December 31, Year 2. What amount of uncollectible accounts expense will Renue report for Year 2? Complete this question by entering your answers in the tabs below. Required A General Journal Required AT Accounts Required B Required Record the transactions in general Joummal form. (If no entry is required for a transaction/event, select "No joumal entry required in the first account field.) View transaction list Journal entry worksheet Complete this question by entering your answers in the tabs below. Required A General Required AT Required B Required Accounts Journal Post the transactions to T-accounts. Service Revenue Cash (partial) Beginning Balance Beginning Balance Ending Balance Ending Balance Accounts Recevable Uncollectible Accounts Expense Beginning Balance Beginning Balance Ending Balance Ending Balance Allowance for Doubtful Accounts Beginning Balance Ending Balance 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 report for Year 2? Complete this question by entering your answers in the tabs below. Required A General Required AT Journal Accounts Required B Required 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 Show less (1) Allowance for doubtful accounts (2) Accounts receivable ) Net realizable value (Required AT Accounts Required c> unexpecteaty collected Diu or receivabies that had been written on in a previous accounung penou, service during Year 2 were $213,000, and cash collections from receivables were $214,954. Uncollectible accounts ex be 1 percent of the sales on account for the period. 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. ts eBook Print c. What amount of uncollectible accounts expense will Renue report for Year 2? References Complete this question by entering your answers in the tabs below. Required A General Required AT Journal Accounts Required B Required What amount of uncollectible accounts expense will Renue report for Year 22 Uncollectible accounts expense
