Use the information from the folowing joumal entries to answer the questions abou! Topaz Inc. for 2017 (Click the icon to view the journal entries.) 1. Start with the Account Receivable's beginning balance, (591,000) and then post to the Accout Recavable T-account. How much do Topa2's customers owe the company at Decamber 31, 2017? 2. Start with the Allowance accounts beginning credit balance, (18,000) and then post to the Allowance far Uncolectible Accounts T-account. How much of the recevables at December 31, 2017, does the company expect not to callect? 3. At December 31, 2017, what is the net real zable velue of the company's accounts receivab e? Requirement 1. Start with the Account Rece vable's beginning balance ($91,000) and then poet to the Account Receivabie Taccount. How much do Topaz'e customers owe the company at Decambe 31, 2017? (Loave any unused cells blank.) Accounts Receivable Using the Taccount you prepared above, how much is the company owed at December 31, 2017? s Requirement 2. Start with the Alowance accourt's beginning credit balance (S18,000) and then post to the Alowance for Uncollectibe Accounts T account. How much of the recevab es at Decamer 31, 2017, does the company expect nt to collec (Loave any unused cells blank.) Allowance for Uncollectible Accounts i Journal entries Journal Entry Using the T-account you prepared above, how much does the compeny expect not to collect at December 31, 2017? The company expects not to colect at December 31, 2017 Requirement 3. At December 31, 2017, what is the net rea zable value of the campany's accounts receivable? Topaz's net realizable value of accounts receivable is Accounts Dobit Credit 1,080,000 Sales Revenue 1,080,000 2. Cash 886,000 886,000 3. Allowance for Uncollectible Accounts 12,000 12,000 4. Bad Debt Expense 13,000 Alowance for Uncollectble Accounts 13,000