Davos Company performed services on account for $66.000 in Year 1. Davos collected $52,800 cash from accounts receivable during Year 1, and the remaining $13,200 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. Req AE and F Reg B and G Reg C Reg D RegH 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 "el" for closing entries.) Assets Cash Accounts Receivable Year 1 2 52,800 Year 1 1 2 C 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.) Assets Cash Accounts Receivable Year 1 2 52,800 Year 1 1. 2. End. Bal. Year 2 3. 52,800 0 0 End. Bal Year 2 13. 13,200 End. Bal 66,000 End, Bal. Stockholders' Equity Retained Earnings Service Revonuo Year 1 ci Year 1 1. cl End. Bal. Year 2 End. Bal Year 2 End. Bal 0 0 End, Bal Complete this question by entering your answers in the tabs below. Reg AE and F Reg B and G Rec Reg D RegH Show the Year 1 and Year 2 transactions in a horizontal statements model. (Enter any decreases to account balances and cash outlows with a minus sign. In the su Initials o to designate operating activity, FA to designate finance activity, IA to designate investing activity and NC for not change in cash. Not all cells require input DAVOS COMPANY Effect of Transactions on the Financial Statements for Year 1 and Your 2 Balance Sheet No Assets Liabilities Income Statement Stockholders' Equity Statement of Cash Cash Accounts Common Retained Flows Roolvable Stock Enrnings Revenue Expenso Net Income Year 1 2 Bal 0+ O ol 0 0 ol 0 Year 2 3. BAL 0 0 0 0 0 0 0 + + 01 0 D 0 Davos Company performed services on account for $66,000 in Year 1. Davos collected $52,800 cash from accounts receivable during Year 1, and the remaining $13,200 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. Req A E and F Reg B and G Reqc Reg D Reg H Determine the amount of revenue Davos would report on the Year 1 income statement Ravenue Davos Company performed services on account for $66,000 in Year 1. Davos collected $52,800 cash from accounts receivable during Year 1, and the remaining $13,200 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. Reg A E and F Reg Band G Reqc Reg D ReqH Determine the amount of cash flow from operating activities Davos would report on the Year 1 statement of cash flows. Cash flow from operating activities Davos Company performed services on account for $66,000 in Year 1 Davos collected $52,800 cash from accounts receivable during Year 1, and the remaining $13,200 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. Reg A E and F Reg Band G Reqc Reg D Reg 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. Net Income Cash flow from operating activities ReqD