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1 Rosie Dry Cleaning was started on January 1 , Year 1 . It experienced the following events during its first two years of operation.
Rosie Dry Cleaning was started on January Year It experienced the following events during its first two years of operation. points Skipped References References Events Affecting Year Provided $ of cleaning services on account. Collected $ cash from accounts receivable. Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be percent of the cleaning revenue on account. Events Affecting Year Wrote off a $ account receivable that was determined to be uncollectible. Provided $ of cleaning services on account. Collected $ cash from accounts receivable. Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be percent of the cleaning revenue on account. Required a Record the events for Year and Year including closing entries for Year in Taccounts. b Determine the following amounts: Net income for Year Net cash flow from operating activities for Year Balance of accounts receivable at the end of Year Net realizable value of accounts receivable at the end of Year c Repeat Requirement for the Year accounting period. Complete this question by entering your answers in the tabs below. Required Required B Required C Record the events for Year and Year including closing entries for Year in Taccounts. tableCashYear BalYear tableRetained Earnings,Beg Bal.,,,End Bal.,,,
Rosie Dry Cleaning was started on January Year It experienced the following events during its first two years of operation.
points
Skipped
References
References
Events Affecting Year
Provided $ of cleaning services on account.
Collected $ cash from accounts receivable.
Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be percent of the cleaning revenue on account.
Events Affecting Year
Wrote off a $ account receivable that was determined to be uncollectible.
Provided $ of cleaning services on account.
Collected $ cash from accounts receivable.
Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be percent of the cleaning revenue on account.
Required
a Record the events for Year and Year including closing entries for Year in Taccounts.
b Determine the following amounts:
Net income for Year
Net cash flow from operating activities for Year
Balance of accounts receivable at the end of Year
Net realizable value of accounts receivable at the end of Year
c Repeat Requirement for the Year accounting period.
Complete this question by entering your answers in the tabs below.
Required
Required B
Required C
Record the events for Year and Year including closing entries for Year in Taccounts.
tableCashYear BalYear
tableRetained Earnings,Beg Bal.,,,End Bal.,,,
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