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Holmes Cleaning Service began operation on January 1, Year 1. The company experienced the following events for its first year of operations: Events Affecting Year

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Holmes Cleaning Service began operation on January 1, Year 1. The company experienced the following events for its first year of operations: Events Affecting Year 1: 1. Provided $150,000 of cleaning services on account. 2. Collected $112.500 cash from accounts recevable. 3. Pald salaries of $42,000 for the year. 4. Adjusted the accounts to reflect management's expectations that uncollectible accounts expense would be $1,900. The expense was determined using the percent of revenue method. b. Post the general Journal entries to T-accounts. Cash Service Revenue Beg. Bal Beg. Bal. End. Bal End. Bal. Accounts Receivable Salaries Expense Beg Bal Beg Bal. End. Bal End. Bal. Allowance for Doubtful Accounts Uncollectible Acctounts Expense Beg. Bal Beg. Bal End. Bal. End. Bal

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