The accounts receivable balance for Renue Spa at December Year was $ Also on that date, the balance in the Allowance for Doubtful Accounts was $ During Year $ of accounts receivable were written off as uncollectible. In addition, Renue unexpectedly collected $ of receivables that had been written off in a previous accounting period. Services provided on account during Year were $ and cash collections from receivables were $ Uncollectible accounts expense was estimated to be percent of the sales on account for the period
Required
a Record the transactions in general journal form and post to Taccounts.
b Based on the preceding information compute after yeartoend 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
c What amount of uncollectible accounts expense will Renue report for Year
