1. Issued $10.000 of common stock for cash 2. Provided $78,000 of services on account 3. Provided $36,000 of services and recelved cash 4. Collected $69,000 cash from accounts recervable 5. Paid $38,000 of salartes expense for the year 6. Adjusted the accounting records to reflect uncollectible account. expense for the year Leach estimates that 5 percent of the ending accounts tecelvable balance will be uncollecible. 7. Closed the revenue account 3. Closed the expense accounts Year 2 : 1. Wrote off an uncollecuble account for $650 2. Provided $88,000 of services on account. 3. Provided $32,000 of services and collected cash. 4. Collected $81,000 cash from accounts recelvable. 5. Paid $65,000 of salanes expense for the yeat. 6. Adjusted the accounts to reflect uncollectible accounts expense for the year Leach estimates that 5 percent of the ending accounts recelvable balance will be uncollectible. 7. Closed the revenue account 8. Closed the expense accounts. Exercise 7-7A (Static) Part c c. What is the net realizable value of the accounts recevable at December 31, Year 1