Use the information from the following journal entries to answer the questions about Natural Life Inc. for 2017.

Use the information from the following journal entries to answer the questions about Natural Life Inc. for 2017 Click the icon to view the journal entries.) 1. Start with the Account Receivable's beginning balance, ($30,000) and then post to the Account Receivable T account. How much do Natural Life's customers owe the company at December 31, 2017? 2. Start with the Allowance account's beginning credit balance (520,000) and then post to the Allowance for Uncollectible Accounts Taccount. How much of the receivables at December 31, 2017, does the company expect nor to 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 580,000) and the post to the Account Receivable T-count. How much do Natural Life's customers owe the company at December 31, 20177 [Leave any unused cells blank.) Accounts Receivable Using the account you prepared above how much is the company owed at December 31, 2017 on post to the Allowance for Uncollectible Accounts account. How much of the receivables al December 31, 2017, does the company Requirement 2. Start with the Allowance account's beginning credit balance (520.000) and expect nor 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 December 31, 2017 Requirement 3. A December 31, 2017, what is the net realizable value of the company's accounts receivable? Natural Life's net realizable value of accounts receivable is $ i Journal entries Journal Entry Accounts Credit Debit 1,050,000 1. Accounts Receivable Sales Revenue 1,050,000 2. Cash 890,000 Accounts Receivable 890,000 11,000 3. Allowance for Uncollectible Accounts Accounts Receivable 11,000 4. Bad Debt Expense 9,000 Allowance for Uncollectible Accounts 9,000