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Events Affecting Year 1 1. Provided $32,980 of cleaning services on account, 2. Collected $26,384 cash from accounts receivable. 3. Adjusted the accounting records to

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Events Affecting Year 1 1. Provided $32,980 of cleaning services on account, 2. Collected $26,384 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 $247 account receivable that was determined to be uncollectible, 2. Provided $38,488 of cleaning services on account 3. Collected $34,062 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. Reg A1 Reg A2 Reg B Reqc Organize the transaction data in accounts under an accounting equation for Year 1. (Enter any decreases to account balances with a minus sign. Not all cells require input.) ROSIE DRY CLEANING Accounting Equation for Year 1 Balance Sheet Assets Llabilities Equity NRV Retained Accounts Receivable Earnings Event Account Titles for Retained Earnings Cash 1. 2 + 3 + Bal Organize the transaction data in accounts under an accounting equation for Year 2. (Enter any decreases to account balances with a minus sign. Not all cells require input.) ROSIE DRY CLEANING Accounting Equation for Year 2 Balance Sheet Assets Llabilities Equity NRV Accounts Retained Receivable Earnings Event Account Titios for Retained Earnings Cash + + Bal 1. + 2 + 3 4 Bal Reg A2 Reg A2 ReqB Reg C Determine the following amounts for the Year 1 accounting period. (Round your answers to nearest whole dollar amount.) Net income Net cash flow from operating activities Balance of accounts receivable Not realizable value of accounts receivable Determine the following amounts for the Year 2 accounting period. (Round your answers to nearest whole dollar amount.) Net Income Net cash flow from operating activities Balance of accounts receivable Net realizablo value of accounts receivable

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