Davos Company performed services on account for $160,000 in Year 1. Davos collected $120,000 cash from accounts receivable during Year 1 , and the remaining $40,000 was collected in cash during Year 2 . Required a. e. \& f. Record the Year 1 transactions in T-accounts and close the Year 1 Service Revenue account to the Retained Earnings account. Record the Year 2 cash collection in the appropriate T-accounts. b. \& g. Show the Year 1 and Year 2 transactions in a horizontal statements model. c. Determine the amount of revenue Davos would report on the Year 1 income statement. d. Determine the amount of cash flow from operating activities Davos would report on the Year 1 statement of cash flows. h. Assuming no other transactions occur in Year 2, determine the amount of net income and the net cash flow from operating activities for Year 2. Complete this question by entering your answers in the tabs below. Determine the amount of revenue Davos would report on the Year 1 income statement. Record the Year 1 transactions in T-accounts and close the Year 1 Service Revenue account to the Retained Earnings account. Record the Year 2 cash collection in the appropriate T-accounts. (Select "1, 2, or 3" for the transactions in the order they take place. Select "cl" for closing entries.) Davos Company performed services on account for $160,000 in Year 1. Davos collected $120,000 cash from accounts receivable during Year 1 , and the remaining $40,000 was collected in cash during Year 2 . Required a. e. \& f. Record the Year 1 transactions in T-accounts and close the Year 1 Service Revenue account to the Retained Earnings account. Record the Year 2 cash collection in the appropriate T-accounts. b. \& g. Show the Year 1 and Year 2 transactions in a horizontal statements model. c. Determine the amount of revenue Davos would report on the Year 1 income statement. d. Determine the amount of cash flow from operating activities Davos would report on the Year 1 statement of cash flows. h. Assuming no other transactions occur in Year 2, determine the amount of net income and the net cash flow from operating activities for Year 2. Complete this question by entering your answers in the tabs below. Assuming no other transactions occur in Year 2, determine the amount of net income and the net cash flow from operating activities for Year 2 . Dovos Company performed secvices on accourt for $160,000 in Koar 1 . Deves collected $120.000 cash from accounts receivable during Year 1 and the remaining $40,000 was colected in cash during Year 2 . Aequired A. E. 6t. Peccoed the Year 1 transactions in T-accounts and close the Year 1 Service Revenue account to the Retained Earnings account. Record the Year 2 cash collection in the appropriate Tiaccounts. b. 8g. Show the Year t and Year 2 iransactions in a herzentel statements model. c. Delermine the amount of revenue Davos would report on the Yoar 1 income statement. d. Determine the amaunt, of cash flow from operabing activities Davos would report an the Vear 1 statement of cash flaws. h. Assuming no other transactions occur in Year 2, determine the amount of net income and the net cash fiow from operating actikses for Year 2. Complete this questien by entering your answers in the tabs below. Davos Company performed services on account for $160,000 in Year 1. Davos collected $120,000 cash from accounts receivable during Year 1 , and the remaining $40,000 was collected in cash during Year 2. Required a. e. \& f. Record the Year 1 transactions in T-accounts and close the Year 1 Service Revenue account to the Retained Earnings account. Record the Year 2 cash collection in the appropriate T-accounts. b. \& g. Show the Year 1 and Year 2 transactions in a horizontal statements model. c. Determine the amount of revenue Davos would report on the Year 1 income statement. d. Determine the amount of cash flow from operating activities Davos would report on the Year 1 statement of cash flows. h. Assuming no other transactions occur in Year 2, determine the amount of net income and the net cash flow from operating activities for Year 2. Complete this question by entering your answers in the tabs below. Determine the amount of cash flow from operating activities Davos would report on the Year 1 statement of cash flows. Davos Company performed services on account for $160,000 in Year 1. Davos collected $120,000 cash from accounts receivable during Year 1 , and the remaining $40,000 was collected in cash during Year 2. Required a. e. \& 1 . Record the Year 1 transactions in T-accounts and close the Year 1 Service Revenue account to the Retained Earnings account. Record the Year 2 cash collection in the appropriate T-accounts. b. \& g. Show the Year 1 and Year 2 transactions in a horizontal statements model. c. Determine the amount of revenue Davos would report on the Year 1 income statement. d. Determine the amount of cash flow from operating actlvities Davos would report on the Year 1 statement of cash flows. h. Assuming no other transactions occur in Year 2, determine the amount of net income and the net cash flow from operating activitles for Year 2. Complete this question by entering your answers in the tabs below. Record the Year 1 transactions in T-accounts and dose the Year 1 Service Revenue account to the Retained Earnings account. Record the Year 2 cash collection in the appropriate T-accounts. (Select " 1,2, or 3 for the transactions in the order they take place. Select "cl" for closing entries.) Davos Company performed services on account for $160,000 in Year 1. Davos collected $120,000 cash from accounts receivable during Year 1 , and the remaining $40,000 was collected in cash during Year 2 . Required a. e. \& f. Record the Year 1 transactions in T-accounts and close the Year 1 Service Revenue account to the Retained Earnings account. Record the Year 2 cash collection in the appropriate T-accounts. b. \& g. Show the Year 1 and Year 2 transactions in a horizontal statements model. c. Determine the amount of revenue Davos would report on the Year 1 income statement. d. Determine the amount of cash flow from operating activities Davos would report on the Year 1 statement of cash flows. h. Assuming no other transactions occur in Year 2, determine the amount of net income and the net cash flow from operating activities for Year 2. Complete this question by entering your answers in the tabs below. Determine the amount of revenue Davos would report on the Year 1 income statement. Record the Year 1 transactions in T-accounts and close the Year 1 Service Revenue account to the Retained Earnings account. Record the Year 2 cash collection in the appropriate T-accounts. (Select "1, 2, or 3" for the transactions in the order they take place. Select "cl" for closing entries.) Davos Company performed services on account for $160,000 in Year 1. Davos collected $120,000 cash from accounts receivable during Year 1 , and the remaining $40,000 was collected in cash during Year 2 . Required a. e. \& f. Record the Year 1 transactions in T-accounts and close the Year 1 Service Revenue account to the Retained Earnings account. Record the Year 2 cash collection in the appropriate T-accounts. b. \& g. Show the Year 1 and Year 2 transactions in a horizontal statements model. c. Determine the amount of revenue Davos would report on the Year 1 income statement. d. Determine the amount of cash flow from operating activities Davos would report on the Year 1 statement of cash flows. h. Assuming no other transactions occur in Year 2, determine the amount of net income and the net cash flow from operating activities for Year 2. Complete this question by entering your answers in the tabs below. Assuming no other transactions occur in Year 2, determine the amount of net income and the net cash flow from operating activities for Year 2 . Dovos Company performed secvices on accourt for $160,000 in Koar 1 . Deves collected $120.000 cash from accounts receivable during Year 1 and the remaining $40,000 was colected in cash during Year 2 . Aequired A. E. 6t. Peccoed the Year 1 transactions in T-accounts and close the Year 1 Service Revenue account to the Retained Earnings account. Record the Year 2 cash collection in the appropriate Tiaccounts. b. 8g. Show the Year t and Year 2 iransactions in a herzentel statements model. c. Delermine the amount of revenue Davos would report on the Yoar 1 income statement. d. Determine the amaunt, of cash flow from operabing activities Davos would report an the Vear 1 statement of cash flaws. h. Assuming no other transactions occur in Year 2, determine the amount of net income and the net cash fiow from operating actikses for Year 2. Complete this questien by entering your answers in the tabs below. Davos Company performed services on account for $160,000 in Year 1. Davos collected $120,000 cash from accounts receivable during Year 1 , and the remaining $40,000 was collected in cash during Year 2. Required a. e. \& f. Record the Year 1 transactions in T-accounts and close the Year 1 Service Revenue account to the Retained Earnings account. Record the Year 2 cash collection in the appropriate T-accounts. b. \& g. Show the Year 1 and Year 2 transactions in a horizontal statements model. c. Determine the amount of revenue Davos would report on the Year 1 income statement. d. Determine the amount of cash flow from operating activities Davos would report on the Year 1 statement of cash flows. h. Assuming no other transactions occur in Year 2, determine the amount of net income and the net cash flow from operating activities for Year 2. Complete this question by entering your answers in the tabs below. Determine the amount of cash flow from operating activities Davos would report on the Year 1 statement of cash flows. Davos Company performed services on account for $160,000 in Year 1. Davos collected $120,000 cash from accounts receivable during Year 1 , and the remaining $40,000 was collected in cash during Year 2. Required a. e. \& 1 . Record the Year 1 transactions in T-accounts and close the Year 1 Service Revenue account to the Retained Earnings account. Record the Year 2 cash collection in the appropriate T-accounts. b. \& g. Show the Year 1 and Year 2 transactions in a horizontal statements model. c. Determine the amount of revenue Davos would report on the Year 1 income statement. d. Determine the amount of cash flow from operating actlvities Davos would report on the Year 1 statement of cash flows. h. Assuming no other transactions occur in Year 2, determine the amount of net income and the net cash flow from operating activitles for Year 2. Complete this question by entering your answers in the tabs below. Record the Year 1 transactions in T-accounts and dose the Year 1 Service Revenue account to the Retained Earnings account. Record the Year 2 cash collection in the appropriate T-accounts. (Select " 1,2, or 3 for the transactions in the order they take place. Select "cl" for closing entries.)