lothes . Macy\'s × H5 Help Save &Exit Sub The accounts receivable balance for Re

Question

lothes . Macy's × H5 Help Save &Exit Sub The accounts receivable balance for Renue Spa at December 31, 2017, was $83,000. Also on that date, the balance in the Allowance for Doubtful Accounts was $2,900. During 2018, $2,300 of accounts receivable were written off as uncollectible. In addition, Renue during 2018 were $220,000, and cash collections from receivables were $222,018. Uncollectible accounts expense was estimated to be 1 percent of the sales on account for the period Organite 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, 2018. 2. (2) Balance of Accounts Receivable at December 31, 2018. 3 (3) Net realizable value of Accounts Receivable at December 31, 2013. e. What amount of uncollectible accounts expense will Renue Spa for 2018? Complete this question by entering your answers in the tabs below Req A Res B and C Organize the information in accounts under an accounting equation. (Show effect on the accounting equation in the order provided in the questi treer any decreases to account balances with minus sign. Select-NA" r there no effect on the "Accounts rues for aetained Earnings.) Titles for Retained 8899 7

Explanation / Answer

A

Event Cash + Accounts - Allowance = Liabilities + Retained earnings Accounts title receivable Beg 83000 2900 1 -2300 -2300 2a 160 160 2b 160 -160 3 220000 220000 Service revenue 4 222018 -222018 5 2200 -2200 Uncollectible expense Bal 222178 78682 2960 0 217800

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