:D

The following Information applies to the questions displayed below. The following transactions apply to Expert Consulting for 2014, the first year of operation: 1. Recognized $69,500 of service revenue earned on account. 2. Collected $61,600 from accounts recelvable 3. Adjusted accounts to recognize uncollectible accounts expense. Expert uses the allowance method of accounting for uncollectible accounts and estimates that uncollectible accounts expense will be 2 percent of sales on account. The following transactions apply to Expert Consulting for 2015 1. Recognized $77,000 of service revenue on account. 2. Collected $69,600 from accounts recelvable 3. Determined that $990 of the accounts recelvable were uncollectible and wrote them off 4. Collected $100 of an account that had been prevlously written off 5. Pald $49,400 cash for operating expenses 6. Adjusted accounts to recognize uncollectible accounts expense for 2015. Expert estimates that uncollectible accounts expense will be 1 percent of sales on account. Requlred Complete all the following requirements for 2014 and 2015. Complete all requlrements for 2014 prior to beginning the requlrements for 2015