I'm having issues finding the blank sections. Can someone break down how they figured out these numbers.
IM not sure if the first one is even correct.
Rosie Dry Cleaning was started on January 1, 2018. It experienced the following events during its first two years of operation: Events Affecting 2018 1. Provided $34,730 of cleaning services on account. 2. Collected $27,784 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 2019 1. Wrote off a $260 account receivable that was determined to be uncollectible. 2. Provided $40,530 of cleaning services on account. 3. Collected $35,869 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. Organize the transaction data in accounts under an accounting equation for each year. b. Determine the following amounts: 1. (1) Net income for 2018. 2. (2) Net cash flow from operating activities for 2018. 3. (3) Balance of accounts receivable at the end of 2018. 4. (4) Net realizable value of accounts receivable at the end of 2018. c. Determine the following amounts: 1. (1) Net income for 2019. 2. (2) Net cash flow from operating activities for 2019. 3. (3) Balance of accounts receivable at the end of 2019. 4. (4) Net realizable value of accounts receivable at the end of 2019. Complete this question by entering your answers in the tabs below. Events Affecting 2019 1. Wrote off a $260 account receivable that was determined to be uncollectible. 2. Provided $40,530 of cleaning services on account. 3. Collected $35,869 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. Organize the transaction data in accounts under an accounting equation for each year. b. Determine the following amounts: 1. (1) Net income for 2018. 2. (2) Net cash flow from operating activities for 2018. 3. (3) Balance of accounts receivable at the end of 2018. 4. (4) Net realizable value of accounts receivable at the end of 2018. c. Determine the following amounts: 1. (1) Net income for 2019. 2. (2) Net cash flow from operating activities for 2019. 3. (3) Balance of accounts receivable at the end of 2019. 4. (4) Net realizable value of accounts receivable at the end of 2019. Complete this question by entering your answers in the tabs below. Reg A1 Req A2 Req B Reg C Determine the following amounts for the 2019 accounting period. (Round your answers to nearest whole dollar amount.) Net income $ 35,869 Net cash flow from operating activities Balance of accounts receivable Net realizable value of accounts receivable
