i will thumbs up for correct answers ) Do Both parts of the questions please make answers bold in the chart ) Listed below are several transactions that took place during the first two years of operations for the law firm of Pete, Pete, and Roy Year 1 Year 2 $186,000 $236,000 168,000 198,000 Amounts billed to clients for services rendered Cash collected from clients Cash disbursements Salarios paid to employees for services rendered during the year Utilities Purchase of insurance policy 98,000 34,000 62,400 108,000 48,000 0 In addition, you learn that the firm incurred utility costs of $39,000 in year 1, that there were no liabilities at the end of year 2, no anticipated bad debts on receivables, and that the insurance policy covers a three year period Required 1 3 Calculate the net operating cash flow for years 1 and 2 and determine the amount of receivables from clients that the firm would show in its year 1 and year 2 balance sheets prepared according to the accrual accounting model 2 Prepare an income statement for each year according to the accrual accounting model Complete this question by entering your answers in the tabs below Req 1 and 3 Reg 2 Calculate the net operating cash flow for years 1 and 2 and determine the amount of receivables from clients that the firm would show in its year 1 and year 2 balance sheets prepared according to the accrual accounting model (Net cash outflows should be indicated by a minus sign ) Year 1 Year 2 1 Net operating cash flow 3 Receivables Reg 2 Required 1 3 Calculate the net operating cash flow for years 1 and 2 and determine the amount of recelvables from clients that the firm would show in its year 1 and year 2 balance sheets prepared according to the accrual accounting model 2 Prepare an income statement for each year according to the accrual accounting model Complete this question by entering your answers in the tabs below Req 1 and 3 Reg 2 Prepare an Income statement for each year according to the accrual accounting model PETE, PETE, AND ROY Income Statements Year 1 Your 2 Revenues Expenses Salaries Utilities Insurance Net income (loss)

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i will thumbs up for correct answers  ) Do Both parts of the questions please  make answers bold in the chart ) Listed below are several transactions that took place during the first two years of operations for the law firm of Pete, Pete, and Roy  Year 1 Year 2 $186,000 $236,000 168,000 198,000 Amounts billed to clients for services rendered Cash collected from clients Cash disbursements Salarios paid to employees for services rendered during the year Utilities Purchase of insurance policy 98,000 34,000 62,400 108,000 48,000 0 In addition, you learn that the firm incurred utility costs of $39,000 in year 1, that there were no liabilities at the end of year 2, no anticipated bad debts on receivables, and that the insurance policy covers a three year period  Required  1    3  Calculate the net operating cash flow for years 1 and 2 and determine the amount of receivables from clients that the firm would show in its year 1 and year 2 balance sheets prepared according to the accrual accounting model  2  Prepare an income statement for each year according to the accrual accounting model  Complete this question by entering your answers in the tabs below  Req 1 and 3 Reg 2 Calculate the net operating cash flow for years 1 and 2 and determine the amount of receivables from clients that the firm would show in its year 1 and year 2 balance sheets prepared according to the accrual accounting model  (Net cash outflows should be indicated by a minus sign ) Year 1 Year 2 1  Net operating cash flow 3  Receivables Reg 2   Required  1    3  Calculate the net operating cash flow for years 1 and 2 and determine the amount of recelvables from clients that the firm would show in its year 1 and year 2 balance sheets prepared according to the accrual accounting model  2  Prepare an income statement for each year according to the accrual accounting model  Complete this question by entering your answers in the tabs below  Req 1 and 3 Reg 2 Prepare an Income statement for each year according to the accrual accounting model  PETE, PETE, AND ROY Income Statements Year 1 Your 2 Revenues Expenses  Salaries Utilities Insurance Net income (loss)

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i will thumbs up for correct answers :) Do Both parts of the questions please. make answers bold in the chart:) Listed below are several

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