Leach Inc. experienced the following events for the first two years of its operations: Year 1: Issued $13,000 of common stock for cash. Provided $81,300 of services on account. Provided $39,000 of services and received cash. Collected $72,000 cash from accounts receivable. Paid $41,000 of salaries expense for the year. Adjusted the accounting records to reflect uncollectible accounts expense for the year. Leach estimates that 4 percent of the ending accounts receivable balance will be uncollectible. Closed the revenue account. Closed the expense account. Year 2: Wrote off an uncollectible account for $700. Provided $91,000 of services on account. Provided $35,000 of services and collected cash. Collected $84,000 cash from accounts receivable. Paid $68,000 of salaries expense for the year. Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that 4 percent of the ending accounts receivable balance will be uncollectible. d. Repeat parts a, b, and c for Year 2. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Statement of Cash Flows and Balance Sheet only: Items to be deducted must be indicated with a minus sign. Round your answers to nearest whole dollar.)

The following account balances come from the records of Ourso Company:

	Beginning Balance			Ending Balance
Accounts receivable	$	2,545		$	3,782
Allowance for doubtful accounts		105			183

During the accounting period, Ourso recorded $11,250 of sales revenue on account. The company also wrote off a $149 account receivable. Required a. Determine the amount of cash collected from receivables.

b. Determine the amount of uncollectible accounts expense recognized during the period.

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 $170,000 of cleaning services on account.
2. Collected $127,500 cash from accounts receivable.
3. Paid salaries of $30,000 for the year.
4. Adjusted the accounts to reflect managements expectations that uncollectible accounts expense would be $2,100. The expense was determined using the percent of revenue method.

Required a. Prepare general journal entries for the above events. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)