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Cash Accounts Receivable Year 1 Year 1 2. 48,000 0 1. 0 0 End. Bal. 48,000 Year 2 60,000 0 48,000 2. 0 End.

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Cash Accounts Receivable Year 1 Year 1 2. 48,000 0 1. 0 0 End. Bal. 48,000 Year 2 60,000 0 48,000 2. 0 End. Bal. 12,000 Year 2 0 0 3. 12,000 0 End. Bal. 60,000 0 12,000 3. 0 0 End. Bal. Stockholders' Equity Retained Earnings Year 1 Service Revenue Year 1 0 60,000 1. 1. 60,000 60,000 1. 0 0 0 0 End. Bal. 60,000 Year 2 End. Bal. Year 2 0 0 0 0 0 0 0 0 End. Bal. 60,000 End. Bal.

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