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Events Affecting Year 1 1. Provided $26,830 of cleaning services on account 2. Collected $21,464 cash from accounts receivable. 3. Adjusted the accounting records to

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Events Affecting Year 1 1. Provided $26,830 of cleaning services on account 2. Collected $21,464 cash from accounts receivable. 3. Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be 1 percent of the cleaning revenue on account. Events Affecting Year 2 1. Wrote off a $201 account receivable that was determined to be uncollectible, 2. Provided $31,311 of cleaning services on account 3. Collected $27710 cash from accounts receivable, 4. Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be 1 percent of the cleaning revenue on account Required a. Record the events for Year 1 and Year 2 (including closing entries for Year 1) in T-accounts. 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 receivable at the end of Year 1 c. Repeat Requirement for the Year 2 accounting period. Complete this question by entering your answers in the tabs below. Required A Required B Required Determine the following amounts: (Round your intermediate calculations to nearest whole della (1) Net income for Year 1. Cash Retained Earnings Year 1 Beg. Bal Bal End. Bal Year 2 1 201 End Bal 201 Accounts Receivable Service Revenue Year 1 Year 1 _+ Bal Year 2 Bal Year 2 End. Bal End. Bal Allowance for Doubtful Accounts Year 1 Uncollectible Accounts Expense Year 1 Bal Year 2 Bal. Year 2 End Bal End. Bal Complete this question by entering your answers in the tabs below. Required A Renuired B Required C Determine the following amounts: (Round your intermediate calculations to nearest whole dollar.) (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 receivable at the end of Year 1. (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 receivable at the end of Year 1 (4) Net realizable value of accounts receivable at the end of Year 1. c. Repeat Requirement b for the Year 2 accounting period. Complete this question by entering your answers in the tabs below. Required A Required B Required C Repeat Requirement b for the Year 2 accounting period. (Round your intermediate calculations to nearest (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 Events Affecting Year 1 1. Provided $26,830 of cleaning services on account 2. Collected $21,464 cash from accounts receivable. 3. Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be 1 percent of the cleaning revenue on account. Events Affecting Year 2 1. Wrote off a $201 account receivable that was determined to be uncollectible, 2. Provided $31,311 of cleaning services on account 3. Collected $27710 cash from accounts receivable, 4. Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be 1 percent of the cleaning revenue on account Required a. Record the events for Year 1 and Year 2 (including closing entries for Year 1) in T-accounts. 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 receivable at the end of Year 1 c. Repeat Requirement for the Year 2 accounting period. Complete this question by entering your answers in the tabs below. Required A Required B Required Determine the following amounts: (Round your intermediate calculations to nearest whole della (1) Net income for Year 1. Cash Retained Earnings Year 1 Beg. Bal Bal End. Bal Year 2 1 201 End Bal 201 Accounts Receivable Service Revenue Year 1 Year 1 _+ Bal Year 2 Bal Year 2 End. Bal End. Bal Allowance for Doubtful Accounts Year 1 Uncollectible Accounts Expense Year 1 Bal Year 2 Bal. Year 2 End Bal End. Bal Complete this question by entering your answers in the tabs below. Required A Renuired B Required C Determine the following amounts: (Round your intermediate calculations to nearest whole dollar.) (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 receivable at the end of Year 1. (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 receivable at the end of Year 1 (4) Net realizable value of accounts receivable at the end of Year 1. c. Repeat Requirement b for the Year 2 accounting period. Complete this question by entering your answers in the tabs below. Required A Required B Required C Repeat Requirement b for the Year 2 accounting period. (Round your intermediate calculations to nearest (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

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