Events Affecting Year 1 1. Provided $26,520 of cleaning services on account 2. Collected $21,216 cash from accounts receivable. 2. Collected \$21,216 cash from accounts receivable. 3. Adjusted the accounting records to refiect the estimate that uncollectible accounts expense would be 1 percent of the cleaning revenue on account. Events Affecting Year 2 1. Wrote off a $199 account receivable that was determined to be uncollectible: 2. Provided $30,949 of cleaning services on account. 3. Collected $27,390 cash from accounts receivable. 3. Collocted $27390 casti from accounts receivable. revenue on account. Required: a. Organize the transaction data in accounts under an accounting equation for each year. b. Determine the following amounts: (1) Net income for Year 1. (2) Net cash flow from operating activities for Year 1. (3) Balance of accounts receivable at the end of Year 1. (4) Net realizable value of accounts recelvable at the end of Year 1 . c. Determine the following amounts: (1) Net income for Year 2. (2) Net cash flow from operating activities for Year 2. (3) Balance of accounts receivable at the end of Year 2. (4) Net realizable value of accounts receivable at the end of Year 2. Complete this question by entering your answers in the tabs below. Determine the following amounts for the Year 2 accounting period. Note: Round your answers to nearest whole dollar amount. Events Affecting Year 1 1. Provided $26,520 of cleaning services on account 2. Collected $21,216 cash from accounts receivable. 2. Collected \$21,216 cash from accounts receivable. 3. Adjusted the accounting records to refiect the estimate that uncollectible accounts expense would be 1 percent of the cleaning revenue on account. Events Affecting Year 2 1. Wrote off a $199 account receivable that was determined to be uncollectible: 2. Provided $30,949 of cleaning services on account. 3. Collected $27,390 cash from accounts receivable. 3. Collocted $27390 casti from accounts receivable. revenue on account. Required: a. Organize the transaction data in accounts under an accounting equation for each year. b. Determine the following amounts: (1) Net income for Year 1. (2) Net cash flow from operating activities for Year 1. (3) Balance of accounts receivable at the end of Year 1. (4) Net realizable value of accounts recelvable at the end of Year 1 . c. Determine the following amounts: (1) Net income for Year 2. (2) Net cash flow from operating activities for Year 2. (3) Balance of accounts receivable at the end of Year 2. (4) Net realizable value of accounts receivable at the end of Year 2. Complete this question by entering your answers in the tabs below. Determine the following amounts for the Year 2 accounting period. Note: Round your answers to nearest whole dollar amount
