Leach Inc experienced the following events for the first two years of its operations 2016 1 Issued $26,000 of common stock for cash 2 Provided $95,600 of services on account 3 Provided $52,000 of services and received cash 4 Collected $85,000 cash from accounts receivable 5 Paid $54,000 of salaries expense for the year 6 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 2017 1 Wrote off an uncollectible account for $750 2 Provided $104,000 of services on account 3 Provided $48,000 of services and collected cash 4 Collected $97,000 cash from accounts receivable 5 Paid $81,000 of salaries expense for the year 6 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 Please fill in these forms Actions for 2017 LEACH INC Balance Sheet As of December 31, 2016 Assets Cash Accounts receivable Less Allowance for doubtful accounts 0 Total assets Liabilities Stockholders' equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 0 0

Question

Leach Inc  experienced the following events for the first two years of its operations  2016  1  Issued $26,000 of common stock for cash  2  Provided $95,600 of services on account  3  Provided $52,000 of services and received cash  4  Collected $85,000 cash from accounts receivable  5  Paid $54,000 of salaries expense for the year  6  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  2017  1  Wrote off an uncollectible account for $750  2  Provided $104,000 of services on account  3  Provided $48,000 of services and collected cash  4  Collected $97,000 cash from accounts receivable  5  Paid $81,000 of salaries expense for the year  6  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  Please fill in these forms  Actions for 2017  LEACH INC Balance Sheet As of December 31, 2016 Assets Cash Accounts receivable Less  Allowance for doubtful accounts 0 Total assets Liabilities Stockholders' equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 0 0

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2016:
1.	Issued $26,000 of common stock for cash.
2.	Provided $95,600 of services on account.
3.	Provided $52,000 of services and received cash.
4.	Collected $85,000 cash from accounts receivable.
5.	Paid $54,000 of salaries expense for the year.
6.	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.

2017:
1.	Wrote off an uncollectible account for $750.
2.	Provided $104,000 of services on account.
3.	Provided $48,000 of services and collected cash.
4.	Collected $97,000 cash from accounts receivable.
5.	Paid $81,000 of salaries expense for the year.
6.	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. Please fill in these forms. Actions for 2017:

Question

Leach Inc. experienced the following events for the first two years of its operations: 2016: 1. Issued $26,000 of common stock for cash. 2. Provided

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