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Use the information from the following journal entries to answer the questions about Quartz Inc. for 2020. (Click the icon to view the journal entries.) 1. Start with the Account Receivable's beginning balance, ($93,000) and then post to the Account Receivable T-account. How much do Quartz's customers owe the company at December 31, 2020? 2. Start with the Allowance account's beginning credit balance, ($18,500) and then post to the Allowance for Uncollectible Accounts T-account. How much of the receivables at December 31, 2020, does the company expect not to collect? 3. At December 31, 2020, what is the net realizable value of the company's accounts receivable? Requirement 1. Start with the Account Receivable's beginning balance ($93,000) and then post to the Account Receivable T-account. How much do Quartz's customers owe the company at December 31, 2020? (Leave any unused cells blank.) Accounts Receivable Beg. Bal. Using the T-account you prepared above, how much is the company owed at December 31, 2020? $ Requirement 2. Start with the Allowance account's beginning credit balance ($18,500) and then post to the Allowance for Uncollectible Accounts T-account. How much of the receivables at December 31, 2020, does the company expect not to collect? (Leave any unused cells blank.) Journal Entry Accounts Debit Credit 1. Accounts Receivable 1,010,000 Sales Revenue 1,010,000 2. Cash 875,000 Accounts Receivable 875,000 3. | Allowance for Uncollectible Accounts 16,000 Accounts Receivable 16,000 4. Bad Debt Expense 8,000 Allowance for Uncollectible Accounts 8,000 Requirement 2. Start with the Allowance account's beginning credit balance ($18,500) and then post to the Allowance for Uncollectible Accounts T-account. How much of the receivables at December 31, 2020, does the company expect not to collect? (Leave any unused cells blank.) Allowance for Uncollectible Accounts Using the T-account you prepared above, how much does the company expect not to collect at December 31, 2020? The company expects not to collect at December 31, 2020, $ Requirement 3. At December 31, 2020, what is the net realizable value of the company's accounts receivable? Quartz's net realizable value of accounts receivable is $ Choose from any list or enter any number in the input fields and then continue to the next

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