ch07_Hw 0 References Saved Required information [The following information applies to the questions displayed below. J Leach Inc. experienced the following events for the rst two years of its operations: Year 1: Issued $24,000 of common stock for cash. Provided $93,400 of services on account. Provided $50,000 of services and received cash. Collected $83,000 cash from accounts receivable. Paid $52,000 of salaries expense for the year. Adjusted the accounting records to reect uncollectible accounts expense for the year. Leach estimates that 6 percent of the ending accounts receivable balance will be uncollectible. Closed the revenue account. Closed the expense account. we sweeps Year 2: Wrote off an uncollectible account for $850. Provided $102,000 of services on account. Provided $46,000 of services and collected cash. Collected $95,000 cash from accounts receivable. Paid $79,000 of salaries expense for the year. Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that 6 percent of the ending accounts receivable balance will be uncollectible. 99.59.\"? Required: a. Record the Year1 events in generaljournal form and post them to T-accounts. (If no entry is required for a transaction/event. select "No journal entry required" in the first account eld.)