Question: I understand it but when I watch the video tutorial The horizontal statements model that they used was more in depth and had more sections

I understand it but when I watch the video tutorial The horizontal statements model that they used was more in depth and had more sections for accounts to place numbers in so I'm just confused where exactly need to put the transactions go because this model feels crammed
I understand it but when I watch the video tutorial The horizontal
statements model that they used was more in depth and had more

The accounts receivable balance for Renue Spa at December 31, Year 1, was $89,000. Also on that date, the balance in the Allowance for Doubtful Accounts was $2,500. Total retained earnings at the end of Year 1 was $86,500. During Year 2, $2,500 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 Year 2 were $218,000, and cash collections from receivables were $220,000. 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 c. What amount of uncollectible accounts expense will Renue Spa record for Year 2? Req A Organize the information in accounts under an accounting equation. (Enter any decreases to account balances with a minus sign.. there is no effect on the Accounts Titles for Retained Earnings, leave the cell blank. Not all cells will require entry.) Event Bal 1. 2a. 2b. 3 4. 5. Req B and C Bal.. Assets Cash + 180 220,000+ 220,180+ NRV Accounts Receivable 86,500 RENUE SPA Horizontal Statements Model Equity (180) = 218,000 (220,000) 84,320 Liabilities + + 0+ Reg A Retained Earnings 86,500 218,000 304,500 Accounts Titles for Retained Earnings Req B and C >

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