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1 33.33 paints Rosle Dry Cleaning was started on January 1. Year 1. It experienced the following events during its first two years of operation:

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1 33.33 paints Rosle Dry Cleaning was started on January 1. Year 1. It experienced the following events during its first two years of operation: Events Affecting Year 1 1. Provided $34,540 of cleaning services on account. 2. Collected $27,632 cash from accounts receivable. 3. Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be 1 percent of the cleaning revenue on account eBook Events Affecting Year 2 Print 1. Wrote off a $259 account receivable that was determined to be uncollectible 2. Provided $40,308 of cleaning services on account 3. Collected $35,673 cash from accounts receivable. 4. Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be 1 percent of the cleaning revenue on account. References Required a. Record the events for Year 1 and Year 2 in T-accounts b. Determine the following amounts: (1) Not income for Year 1. (2) Net cash flow from operating activities for Year 1, (3) Balance of accounts receivable at the end of Year 1. (4) Net realizable value of accounts receivable at the end of Year 1 c. Repeat Requirements for the Year 2 accounting period. Complete this question by entering your answers in the tabs below. Required A Required B Required Repeat Requirements for the Year 2 accounting period. (Round your intermediate calculations to nearest whole dollar)

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