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The accounts recelvable balance for Renue 5p0 at December 3 t. Year 1, was $87.000. Also on that date, the balance in the Allowance for

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The accounts recelvable balance for Renue 5p0 at December 3 t. Year 1, was $87.000. Also on that date, the balance in the Allowance for Doubtful Accounts was $2,700. Duilng Year 2,$2,400 of accounts receivable were witten off as uncollectible. In addition, Renue uncxpectedly collected $120 of receivables that had been witten off in a previous accounting period. Services provided on account duing Year 2 were $216,000, and cash collections from recelvables were $217982. Uncollectible accounts expense was estimated to bee 1 percent of the sales on account for the period. Required o. Record the transactions in general journal form and post to Taccounts. b. Based on the preceding information, compute (after yearend adjustment): (1) Balance of allewwance for doubtful accounts at December 31, Year 2. (2) Balance of accounts recelvable ot December 31, Year 2. (3) Net realizable value of accounts recelvable at December 3t, 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: Record the transadions in general journal form. (if ne entiy is requined for a tranaktion/event, aelect "No fournat entry cequired" in the firit scoount fieldi) Complete this question by entering your answers in the tabs below. 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 recelvable at December 31, Year 2. (3) Net realizable value of accounts receivable at December 31, Year 2. o. 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 recelvable 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. What amount of uncollectible accounts expense will Renue report for Year 27

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