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The accounts receivable balance for Renue Spa at December 31, Year 1, was $87,000. Also...

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The accounts receivable balance for Renue Spa at December 31, Year 1, was $87,000. Also on that date, the balance in the Allowance for Doubtful Accounts was $2,300. Total retained earnings at the end of Year 1 was $84.700. During Year 2, $2,100 of accounts receivable were written off as uncollectible. In addition, Renue unexpectedly collected $130 of receivables that had been written off in a previous accounting period. Services provided on account during Year 2 were $217,000, and cash collections from receivables were $218,991. Uncollectible accounts expense was estimated to be 1 percent of the sales on account for the period. Required a. Organize the information in accounts under an accounting equation b. Based on the preceding information, compute (after year-end adjustment): 1. (1) Balance of Allowance for Doubtful Accounts at December 31, Year 2 2. (2) Balance of Accounts Receivable at December 31, Year 2 3.(3) Net realizable value of Accounts Receivable at December 31, Year 2 What amount of uncollectible accounts expense will Renue Spa record for Year 2

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