The following information is available for Quality Book Sales' sales on account and accounts receivable 78,500 4,710 550,000 556,000 Sales on account, Year 2 After several collection attempts, Quality Book Sales wrote off $2,850 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: () 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. t of u Net realizable value 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. (If no entrv is reauired for a transaction/event, select "N