Renue Spa had the following balances as of December Year : Accounts receivable was $ allowance for doubtful accounts was $ and total retained earnings at the end of Year was $
During Year the company experienced the following events:
Accounts receivable in the amount of $ were written off as uncollectible.
Collected $ of receivables that had been written off in a previous accounting period.
Provided $ worth of services on account during Year
Cash collections from receivables were $ during Year
Uncollectible accounts expense was estimated to be percent of the sales on account for the period.
Required
Organize the information in accounts under an accounting equation.
Based on the preceding information, compute after yearend adjustment:
Balance of allowance for doubtful accounts at December Year
Balance of accounts receivable at December Year
Net realizable value of accounts receivable at December Year
What amount of uncollectible accounts expense will Renue Spa record for Year
