I cant find the empty cells. I did the percentage time the ending balance but its incorrect for 6. I assume I need this number to complete the rest of the problems.
! Required information (The following information applies to the questions displayed below.] Leach Inc. experienced the following events for the first two years of its operations: 2018: 1. Issued $10,000 of common stock for cash. 2. Provided $110,000 of services on account. 3. Provided $31,000 of services and received cash. 4. Collected $79,000 cash from accounts receivable. 5. Paid $22,000 of salaries expense for the year. 6. Adjusted the accounting records to reflect uncollectible accounts expense for the year. Leach estimates that 7 percent of the ending accounts receivable balance will be uncollectible. 2019: 1. Wrote off an uncollectible account for $660. 2. Provided $130,000 of services on account. 3. Provided $20,000 of services and collected cash. 4. Collected $112,000 cash from accounts receivable. 5. Paid $22,000 of salaries expense for the year. 6. Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that 7 percent of the ending accounts receivable balance will be uncollectible. Required a. Organize the transaction data in accounts under an accounting equation. (Enter any decreases to account balances with a minus sign. If there is no effect on the Accounts Titles for Retained Earnings, leave the cell blank.) Assets Event Cash 1. Accounts Receivable $ 0 110,000 0 2. 10,000+ 0 + 31,000+ 79,000 + (22,000) + LEACH INC. Accounting Equation for the Year 2018 Equity = Liabilities Accounting Titles for Retained + Common Retained Allowance Earnings stock Earnings $ 0 = 01 + 10,000 + $ 0 0 = 0 + 0 + 110,000 Service revenue 01 = 1 01 + 0 + 31,000 Service revenue 01 = 01 + 0 0 01 = 01 + 0 + (22,000) Salaries expense 2,1701 = 01 + 0 + (2,170) (Uncollectible accounts expense 2,170 = 01 + 10,000 + 116,830 3. 4. (79,000) + 5. 0 6. 01 + 0 Bal. 98,000 + 31,000 - 3. Provided $31,000 of services and received cash. 4. Collected $79,000 cash from accounts receivable. 5. Paid $22,000 of salaries expense for the year. 6. Adjusted the accounting records to reflect uncollectible accounts expense for the year. Leach estimates that 7 percent of the ending accounts receivable balance will be uncollectible. 2019: 1. Wrote off an uncollectible account for $660. 2. Provided $130,000 of services on account. 3. Provided $20,000 of services and collected cash. 4. Collected $112,000 cash from accounts receivable. 5. Paid $22,000 of salaries expense for the year. 6. Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that 7 percent of the ending accounts receivable balance will be uncollectible. d-1. Organize the transaction data in accounts under an accounting equation. -2. Prepare an income statement for 2019. -3. Prepare the statement of changes in stockholders' equity for 2019. -4. Prepare the balance sheet for 2019. -5. Prepare the statement of cash flows for 2019. -6. What is the net realizable value of the accounts receivable at December 31, 2019? Complete this question by entering your answers in the tabs below. Req D1 Req D2 Reg D3 Reg D4 Req D5 Reg D6 Organize the transaction data in accounts under an accounting equation. (Enter any decreases to account balances with a minus sign. If there is no effect on the Accounts Titles for Retained Earnings, leave the cell blank.) Event Bal. 1. LEACH INC. Accounting Equation for the Year 2019 Assets Equity Accounting Titles for Retained Liabilities Accounts Cash Common Retained Allowance Receivable Earnings stock Earnings 98,000 + 31,000 2,170] = 0 + 10,000+ 116,830 01 + (660) - (660) 01 + 01 + 0 0 + 1 130,000 ] 0 = ol + 0+ 130,000 Service revenue 20,000+ 0-1 0 = = 01 + 01 + 0 + 20,000 Service revenue 112,000+ (112,000) - 0 = 01 + ol + 0 (22,000) + 0 0 = 1 ol + ol + ( (22,000) Salaries expense 0 + 0 - ol + 0 + 208,000 + 48,340 1,510 = 0 + 10,000 + 244,830 2. 3. 4. 5. 6. Bal. 4. Collected $79,000 cash from accounts receivable. 5. Paid $22,000 of salaries expense for the year. 6. Adjusted the accounting records to reflect uncollectible accounts expense for the year. Leach estimates that 7 percent of the ending accounts receivable balance will be uncollectible. 2019: 1. Wrote off an uncollectible account for $660. 2. Provided $130,000 of services on account. 3. Provided $20,000 of services and collected cash. 4. Collected $112,000 cash from accounts receivable. 5. Paid $22,000 of salaries expense for the year. 6. Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that 7 percent of the ending accounts receivable balance will be uncollectible. d-1. Organize the transaction data in accounts under an accounting equation. d-2. Prepare an income statement for 2019. d-3. Prepare the statement of changes in stockholders' equity for 2019. d-4. Prepare the balance sheet for 2019. d-5. Prepare the statement of cash flows for 2019. d-6. What is the net realizable value of the accounts receivable at December 31, 2019? Complete question by entering your answers tabs below. Req D1 Req D2 Req D3 Req D4 Req D5 Req D6 Prepare the statement of cash flows for 2019. (Round your intermediate calculations and final answers to the nearest whole dollar. Amounts to be deducted should be indicated with a minus sign.) LEACH INC. Statement of Cash Flows For the Year Ended December 31, 2019 Cash flows from operating activities Inflow from customers Outflow for expenses (22,000) $ (22,000) 0 Net cash flow from operating activities Cash flows from investing activities Cash flows from financing activities Net change in cash Plus: Beginning cash balance Ending cash balance (22,000) 98,000 76,000 $ 1. Issued $10,000 of common stock for cash. 2. Provided $110,000 of services on account. 3. Provided $31,000 of services and received cash. 4. Collected $79,000 cash from accounts receivable. 5. Paid $22,000 of salaries expense for the year. 6. Adjusted the accounting records to reflect uncollectible accounts expense for the year. Leach estimates that 7 percer of the ending accounts receivable balance will be uncollectible. 2019: 1. Wrote off an uncollectible account for $660. 2. Provided $130,000 of services on account. 3. Provided $20,000 of services and collected cash. 4. Collected $112,000 cash from accounts receivable. 5. Paid $22,000 of salaries expense for the year. 6. Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that 7 percent of the ending accounts receivable balance will be uncollectible. d-1. Organize the transaction data in accounts under an accounting equation. d-2. Prepare an income statement for 2019. d-3. Prepare the statement of changes in stockholders' equity for 2019. d-4. Prepare the balance sheet for 2019. d-5. Prepare the statement of cash flows for 2019. d-6. What is the net realizable value of the accounts receivable at December 31, 2019? Complete this question by entering your answers in the tabs below. Req D1 Req D2 Req D3 Req D4 Reg D5 Reg D6 What is the net realizable value of the accounts receivable at December 31, 2019? (Round your intermediate calculations and final answer to the nearest whole dollar.) Net realizable value
