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Leach Inc. experienced the following events for the first two years of its operations Year 1 1. Issued $10,000 of common stockifor cash. 2. Provided

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Leach Inc. experienced the following events for the first two years of its operations Year 1 1. Issued $10,000 of common stockifor cash. 2. Provided $78,000 of services on account. 3. Provided $36,000 of services and received cash. 4. Collected $69,000 cash from accounts receivable. 5. Paid $38,000 of salaries expense for the year 6. Adjusted the accounting records to reflect uncollectible accounts expense for the yea of the ending accounts receivable balance will be uncollectible. Year 2 L Wrote off an uncollectible account for $650. 2. Provided $88,000 of services on account. 3 Provided $32.000 of services and collected cash. Collected $81,000 cash from accounts receivable. d$65,000 of salaries expense for the year sted the accounts to reflect uncollectible accounts expense for the year Leach estim 2 Provided $88,000 of services on account. 3. Provided $32,000 of services and collected cash. 4. Collected $81,000 cash from accounts receivable. 5. Paid $65,000 of salaries expense for the year 6. Adjusted the accounts to reflect uncolletible ac counts expense for the year. Leach es ending accounts receivable balance will be uncollectible Organize the transaction data in accounts under an accounting equation. (Enter any decreases t Select "NA" if there is no effect on the "Accounts Titles for Retained Earnings") LEACH INC Accounting Equation for the Year 1 Equity Assets Accounts Receivable Allowance Liabilities Retained Earnings Cash Receivable Required information Assets Equity Accounting Titles for Retained Earnings EventCash Liabilities Common Accounts Retained eivable Allowance Lia 6 Bal

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