(4) Net realizable value of accounts receivable at the end of Year 2. Complete this question by entering your answers in the tabs below. Determine the following amounts for the Year 1 accounting period. Note: Round your answers to nearest whole dollar amount. (2) Net cash flow from operating activities for Year 2. (3) Balance of accounts recelvable at the end of Year 2 . (4) Net realizable value of accounts recelvable at the end of Year 2. Complete this question by entering your answers in the tabs below. Organize the transaction data in accounts under an accounting equation for Year 1 . Note: Enter any decreases to account balances with a minus sign. Not all celis require input. b. Determine the following amounts: (1) Net 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 realizablo value of accounts receivable at the end of Year 1. c. Determine the following amounts: (1) Net income for Year 2. (2) Net cash flow from operating activities for Year 2. (3) Balance of accounts receivable at the end of Year 2. (4) Net realizable value of accounts receivable at the end of Year 2. Complete this question by entering your answers in the tabs below. Determine the following amounts for the Year 2 accounting period. Note: Round your answers to nearest whole dollar amount. Percent of revenue allowance method LO 7.1 Alosie. Ory Clesaing was started on January 1. Year 1. it expelienced the following events during is firit two yoars of operation: Events Affecting Year 1 1. Provided $28,990 of cieaning services on account. 2. Collected $23.992 cash froen accounts tecelvable. 2. Coliected $23.192 cash trom accounts recelvable. 3. Acjusted the accounting records to refect the estimste thet uncolectible nccounts expome weuld be 1 percent of the cleaning revenue on eccount Events Affecting Yesr 2 1. Wrote of a $217 sccount recelvable that was determined to be uncoblectble. 1. Wrote of 5217 bccount roce vatere thatwas decterm 2. Colected 529,940 cash trom accounts recelvoble. 3. Cobected 529,940 cash from accounts recelvobie. revenue of account. Required: a. Organize the transaction dita in accounts under an sccounting equabon for each yeat b. Decerrine the following amounts: (1) Net income for Year 1 . (2) Net cash fow from operating octivites for Vear 1 (a) Balance of bccounts recevebie of the end of Vear 1. (4) Net renlirable value of accounts recelvoble of the end of Year 1. c. Betermine the following emounts! (T) Nor uncorne for Yeer? 2 ? (2) Net cash fiow from opersting activities for Yoar 2. (2) Nalance of accounts recelvoble at the end of Yesr 2. (s) Not realizable volue of accounts receivable at the end of Year 2 . Complete this question by entering your answers in the tabs below. Organize the transaction data in accounts under an accounting equation for Year 2 . Note: Enter any decreases to account balances with a minus sign. Not all cells require input
