Exercise $7-6$A $($Static$)$ Effect of recovering a receivable previously written off LO $7-1$

Renue Spa had the following balances at December $31,$ Year $2$: Cash of $$15,000,$ Accounts Receivable of $$61,000,$ Allowance for Doubtful Accounts of $$3,750,$ and Retained Earnings of $$72,250.$ During Year $3,$ the following events occurred:

$$2,100$ of accounts receivable were written off as uncollectible.

The company unexpectedly collected $$500$ of receivables that had been written off in a previous accounting period.

Services provided on account during Year $3$ were $$215,000.$

Cash collections from receivables were $$218,000.$

Uncollectible accounts expense was estimated to be $2$ percent of the sales on account for the period.

Required:

Organize the transaction data in accounts under an accounting equation.

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 $3?$