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Renue Spa had the following balances at December 31. Year 2 Cash of $19,000, Accounts Receivable of $87,000. Allowance for Doubtful Accounts of $2,700, and Retained Earnings of $103,300. During Year 3, the following events occurred: 1. $2,600 of accounts receivable were written off as uncollectible. 2. Renue unexpectedly collected $110 of receivables that had been written off in a previous accounting perlod 3. Services provided on account during Year 3 were $223,000. 4. Cash collections from receivables were $225,046. 5. Uncollectible accounts expense was estimated to be 1 percent of the sales on account for the period 14 Required 6. Organize the transaction data in accounts under an accounting equation b. Based on the preceding information, compute (after year-end adjustment): (1) Balance of Allowance for Doubtful Accounts at December 31, Year 3. (2) Balance of Accounts Receivable at December 31, Year 3, (3) Net realizable value of Accounts Receivable at December 31 Year 3 c. What amount of uncollectible accounts expense will Renue Spa have for Year 3? Organize the transaction data in accounts under an accounting equation. (Enter any decreases to account balances with a minus sign Not all cells require input.) RENUE SPA Accounting Equation Liabilities Equity Retained Earningo Assets NRV Accounts Receivable Event Account Tities for Retained Earnings Cash Bal 1 2a + 20 3 4 5 Bal 0 0 0 Reg Req Band C > Based on the preceding Information, compute (after year-end adjustment): (1) Balance of Allowance for Doubtful Accounts at December 31, Year 3 (2) Balance of Accounts Receivable at December 31, Year 3. (3) Net realizable value of Accounts Receivable at December 31, Year 3. What amount of uncollectible accounts expense will Renue Spa have for Year 3? Show less b(1) Allowance for doubtful accounts (2) Accounts receivable (3) Not realizable value c Uncollectible accounts expenso

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