The following information is available for Quality Book Sales' sales on account and accounts receivable: Accounts receivable balance, January 1, Year 2 Allowance for doubtful accounts, January 1, Year 2 Sales on account, Year 2 Collection on accounts receivable, Year 2 After several collection attempts, Quality Book Sales wrote off $2,950 of accounts that could not be collected. Quality Book Sales estimates that 4 percent of the ending accounts receivable balance will be uncollectible. Required a. Compute the following amounts: (1) Using the allowance method, the amount of uncollectible accounts expense for Year 2. (2) Net realizable value of receivables at the end of Year 2. b. Record the general journal entries to: (1) Record sales on account for Year 2. (2) Record cash collections from accounts receivable for Year 2. (3) Write off the accounts that are not collectible. (4) Record the estimated uncollectible accounts expense for Year 2. Complete this question by entering your answers in the tabs below. $79,400 4,890 559,000 565,000 Required A Required B Compute the following amounts: (1) Using the allowance method, the amount of uncollectible accounts expense for Year 2.

The following information is avallable for Quality Book Sales' sales on account and accounts receivable: After several collection attempts, Quality Book Sales wrote off $2,950 of accounts that could not be collected. Quality Book Sales estimates that 4 percent of the ending accounts recelvable balance will be uncollectible, Required o. Compute the following amounts: (1) Using the allowance method, the amount of uncollectible accounts expense for Year 2. (2) Net realizable value of receivables at the end of Year 2. b. Record the general joumat entries to: (1) Record sales on account for Year 2 (2) Record cash collections from accounts recelvable for Year 2. (3) White off the accounts that are not collectible. (4) Record the estimated uncollectible accounts expense for Year 2. Complete this question by entering your answers in the tabs below. Compute the following amounts: (1) Usina the allowance method, the amount of uncollectible accounts expense for Year 2 The following information is avallable for Quality Book Sales' sales on account and accounts receivable: After several collection attempts, Quality Book Sales wrote off $2,950 of accounts that could not be collected. Quality Book Sales estimates that 4 percent of the ending accounts recelvable balance will be uncollectible, Required o. Compute the following amounts: (1) Using the allowance method, the amount of uncollectible accounts expense for Year 2. (2) Net realizable value of receivables at the end of Year 2. b. Record the general joumat entries to: (1) Record sales on account for Year 2 (2) Record cash collections from accounts recelvable for Year 2. (3) White off the accounts that are not collectible. (4) Record the estimated uncollectible accounts expense for Year 2. Complete this question by entering your answers in the tabs below. Compute the following amounts: (1) Usina the allowance method, the amount of uncollectible accounts expense for Year 2