Use the information from the following journal entries to answer the questions about Winter Retreat Inc. for 2017 (Click the icon to view the journal entries.) 1. Start with the Account Receivable's beginning balance, ($91,000) and then post to the Account Receivable T-account. How much do Winter Retreat's customers owe the company at December 31, 2017? 2. Start with the Allowance account's beginning credit balance. ($17.500) and then post to the Allowance for Uncollectible Accounts T-account. How much of the receivables at December 31, 2017, does the company expect not to collect? 3. At December 31, 2017, what is the net realizable value of the company's accounts receivable? Requirement 1. Start with the Account Receivable's beginning balance ($91,000) and then post to the Account Receivable T-account. How much do Winter Retreat's' customers owe the company at December 31, 2017? (Leave any unused cells blank.) Accounts Receivable Using the T-account you prepared above, how much is the company owed at December 31, 20177 $ Requirement 2. Start with the Allowance account's beginning credit balance ($17,500) and then post to the Allowance for Uncollectible Accounts T-account. How much of the receivables at December 31, 2017, does the company expect not to collect? (Leave any unused cells blank.) Allowance for Uncollectible Accounts Using the T-account you prepared above, how much does the company expect not to collect at December 31, 2017? The company expects not to collect at December 31, 2017 | Requirement 3. At December 31, 2017, what is the net realizable value of the company's accounts receivable? Winter Retreat's net realizable value of accounts receivable is $ . Journal entries Debit Credit Journal Entry Accounts 1. Accounts Receivable lan Sales Revenue 1,050,000 1,050,000 2. Cash 880,000 Accounts Receivable 880,000 13,000 3. Allowance for Uncollectible Accounts Accounts Receivable 13,000 14,000 4. Bad Debt Expense Allowance for Uncollectible Accounts 14,000 Print Done