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The following information is available for Quality Book Sales' sales on account and accounts receivable:...

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Accounting

The following information is available for Quality Book Sales' sales on account and accounts receivable:
After several collection attempts, Quality Book Sales's wrote off $3,090 of accounts that could not be collected. Quality Book Sales
estimates that 1.75 percent of sales on account will be uncollectible.
Required:
a. Compute the following amounts:
(1) Using the allowance method, the amount of uncollectible accounts expense for Year 2.
Note: Round your final answer to nearest whole dollar amount.
(2) The net realizable value of receivables at the end of Year 2.
Note: Round your intermediate calculations and final answer to nearest whole dollar amount.
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