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The following information is avallable for Quality Book. Sales's sales on account and accounts recelvable: After several collection attempts, Quality Book Sales wrote off $2,900

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The following information is avallable for Quality Book. Sales's sales on account and accounts recelvable: After several collection attempts, Quality Book Sales wrote off $2,900 of accounts that could not be collected. Quality Book 5 stes estimotes that 1.75 percent of sales on occount will be uncollect ble. Required a. Compute the following amounts: (1) Using the allowance method, the amount of uncollectible accounts expense for tear 2 (Round your final answer to nearest. whole dollar amount.] (2) Net realizable value of recoivables at the end of Year 2. (Round intermediate calculations final answer to nearest whole doller amount) b. Why is the uncobectable accounts expense amount different from the amount that was witten off as uncelieciole? Uncollectible accounts expense is the actual amount that was setermined in the curent accounting peniod to be uncolect ble Uncoltectible occounts exnense is an estimate of curfent receivables that mav ewentually be uncellectbie

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