a. record year 1 events in general journal form and post them to T-accounts

B. Prepare thr income statement, statement of changes in stockholders equity, balance sheet and statement of cash flows for Year 1.

C. Repeat A&B for year 2.

ve SER Check 1. Issued $11,000 of common stock for cash. 2. Provided $79,100 of services on account. 3. Provided $37.000 of services and received cash 4. Collected $70,000 cash from accounts receivable 5. Paid $39,000 of salaries expense for the year 6. Adjusted the accounting records to reflect uncollectible accounts expense for the year Leach estimates mars percent of the ending accounts receivable balance will be uncollectible 7. Closed the revenue account B. Closed the expense accounts Year 2 1. Wrote off an uncollectible account for $700 2. Provided $89.000 of services on account 3. Provided $33,000 of services and collected cash 4. Collected $82,000 cash from accounts receivable 5. Paid 566,000 of salaries expense for the year 6. Adjusted the accounts to reflect uncollectible accounts expense for the year each estimates that stor the ending accounts receivable balance will be uncollectible 7. Closed the revenue account B. Closed the expense accounts NONT>