2 . Dos You received partial credit in the previous attempt View previous attempt Check my work flok a. What amount of cash did Direct Service collect from accounts receivable during Year 17 b. Assuming Direct Service uses the allowance method to account for uncollectible accounts, what amount should Direct Service record as uncollectible accounts expense for Year 17 c. What is the net realizable value of receivables at the end of Year 1? d. Show the effects of the given transactions on the financial statements by recording the appropriate amounts in a horizontal statements model like the one shown here. In the Cash Flow column, indicate whether the item is an operating activity (OA). investing activity (A), or financing activity (FA). For events that have no effect, leave the cell blank Complete this question by entering your answers in the tabs below. A Req A to C Req D References Mc Graw Show the effects of the given transactions on the financial statements by recording the appropriate amounts in a horizontal statements model like the one shown here. In Indicate whether the nem is an operating activity (OA), investing activity (IA), or financing activity (FA). For events that have no effect, leave the cell blank (Not every ce Enter any decreases to account balances and cash outflows with a minus sign) DIRECT SERVICE CO. Horizontal Statements Model Assets Income Statement Equity Statement of Cash Event Labilties Net Cash T NRV Account Receivable Ratained Earings Revenue Expense Flow Income 1.Sales 2 Cash Colected 3 Uncollectible Accounts Tatas 01-1 + < Prev 2 of 5 Next >