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The accounts receivable balance for Renue Spa at December 31 , Yes: 1 , was 5$1000. Aso on that date, the balance in the Niawance

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The accounts receivable balance for Renue Spa at December 31 , Yes: 1 , was 5$1000. Aso on that date, the balance in the Niawance for Doubdul Accounts was $2,300. Total retained earnings at the end of Year 1 was $78,700. During Yas 2, 52,700 gf accounts a previous accourting period. Services provided on account during Yeat 2 were $222.000, and cash collectioes from receivables were 3224037 Uncolectitile accounts expense was estimated to be 1 percent of the sales on account for the period. Aequired a. Organse the inflomation in acceumts under an sccounbng equation. b. Based on the preceding inlormation, compute (ahec vew-end adjutment? it in Balance of Alowsoce for Doubthi Accounts at December 3t Year 2. 2. (1) Net realiable value of Accounts Aeccivable an December 31. Yev 2. c. What amount of uncoliectole accounts expeme wa Renue Spa record for Yoor 2 ? Complete this evestias by enterine rour answers in the tabs below. b. Bbsed on the precting inlermation, compute (ofter year-end adjustment) 1 (5) Balance of Allowance for Doubtul Accounts at December 34, Year 2 2. (2) Balance of Accounts Receivable at December 3t Year 2. 3. (3) Net realizable value of Accounts Receivable as December 3t, Woar 2 c. What amount of uncollectible accounts experse wih Renue spa recoed for Year 2 ? Complete this questien by entering your answers in the tabs below. Based on the preceding infarmation, compute (after yearend adjuskment)? (1) falance of Niowance fer Doubduil Nccou ts as December 31, Yarar 2. (3) Net realizable value of Accourts Recelvable at Deccember 31, Year 2

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