2018: 1. Issued $10,000 of common stock for cash. 2. Provided $110,000 of services on account. 3. Provided $27,000 of services and received cash. 4. Collected $83.000 cash from accounts receivable. 5. Paid $12,000 of salaries expense for the year. 6. Adjusted the accounting records to reflect uncollectible accounts expense for the year. Leach estimates that 9 percent of the ending accounts receivable balance will be uncollectible. 2019: 1. Wrote off an uncollectible account for $740. 2. Provided $130,000 of services on account. 3. Provided $15,000 of services and collected cash. 4. Collected $112.000 cash from accounts receivable. 5. Paid $20,000 of salaries expense for the year. 6. Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that 9 percent of the ending accounts receivable balance will be uncollectible. d-1. Organize the transaction data in accounts under an accounting equation. d-2. Prepare an income statement for 2019 d-3. Prepare the statement of changes in stockholders' equity for 2019. d-4. Prepare the balance sheet for 2019 d-5. Prepare the statement of cash flows for 2019 d-6. What is the net realizable value of the accounts receivable at December 31, 2019? Complete this question by entering your answers in the tabs below. Reg D1 Reg D2 Req D3 Reg D4 Reg D5 Reg D6 Organize the transaction data in accounts under an accounting equation. (Enter any decreases to account balances with a minus sign. If Titles for Retained Earnings, leave the cell blank.) LEACH INC. Accounting Equation for the Year 2019 Equity Liabilities Common Retained Allowance Earnings Assets Accounts Receivable Accounting Titles for Retained Earnings Event Cash stock + + Bal 1. 2 + + 3. + 4 5. 6 Bal. ROG Reg D2 > Required information Complete this question by entering your answers in the tabs below. Reg D1 Reg D2 Reg D3 Reg D4 Reg DS Req D6 Prepare an income statement for 2019. (Round your intermediate calculations and final answers to the nearest whole dollar.) LEACH INC. Income Statement For the Year Ended December 31, 2019 Operating expenses Total operating expenses Reg D1 Reg D3 Required information Complete this question by entering your answers in the tabs below. Reg D1 Req D2 Red D3 Reg D4 Reg D5 Reg D6 Prepare the statement of changes in stockholders' equity for 2019. (Round your intermediate calculations and final answers to the nearest whole dollar.) LEACH INC. Statement of Changes in Stockholders' Equity For the Year Ended December 31, 2019 Beginning common stock Ending common stock Beginning retained earnings Ending retained earnings Total stockholders' equity Complete this question by entering your answers in the tabs below. Reg D1 Reg D2 Reg D3 Reada Reg D5 Reg D6 Prepare the balance sheet for 2019. (Round your intermediate calculations and final answers to the nearest whole dollar.) LEACH INC. Balance Sheet As of December 31, 2019 Assets Total assets Liabilities Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity Complete this question by entering your answers in the tabs below. Reg D1 Reg D2 Reg D3 Reg D4 Reg D5 Reg D6 Prepare the statement of cash flows for 2019. (Round your intermediate calculations and final answers to the nearest whole dollar. Amounts to be deducted should be indicated with a minus sign.) LEACH INC. Statement of Cash Flows For the Year Ended December 31, 2019 Cash flows from operating activities Not cash flow from operating activities Cash flows from investing activities Cash flows from financing activities Net change in cash Ending cash balance Required information u-a. PIEPIE UIE SLOLETTEILUI LIICHY I WALIOIUCIS Eyuky UI LUI. d-4. Prepare the balance sheet for 2019. d-5. Prepare the statement of cash flows for 2019. d-6. What is the net realizable value of the accounts receivable at December 31, 2019? Complete this question by entering your answers in the tabs below. Reg D4 Reg D5 Reg D6 Reg D1 Reg D2 Reg D3 What is the net realizable value of the accounts receivable at December 31, 2019? (Round your intermediate calculations and final answer to the nearest whole dollar.) Net realizable value
