Help Save & Exit Check m Exercise 5-6 Effect of recovering a receivable previously written off LO 5-1 The accounts receivable balance for Renue Spa at December 31, 2017, was $86,000. Also on that date, the balance in the Allowance for Doubtful Accounts was $2,500. During 2018, $2,200 of accounts receivable were written off as uncollectible. In addition, Renue unexpectedly collected $180 of receivables that had been written off in a previous accounting period. Services provided on account during 2018 were $213,000, and cash collections from receivables were $214,954. 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, 2018. 2. (2) Balance of Accounts Receivable at December 31, 2018. 3. (3) Net realizable value of Accounts Receivable at December 31, 2018. c. What amount of uncollectible accounts expense will Renue Spa for 2018? Complete this question by entering your answers in the tabs below. Req A Req B and c Organize the information in accounts under an accounting equation. (Show effect on the accounting equation in the order provided in the question Enter any decreases to account balances with a minus sign. Select "NA" if there is no effect on the "Accounts Titles for Retained Earnings".) Prex 4 of 12 Next