Leach Inc. experienced the following events for the first two years of its operations: Year 1 1. Issued $19,000 of common stock for cash. 2. Provided $87,900 of services on account. 3. Provided $45,000 of services and received cash. 4. Collected $78,000 cash from accounts receivable. 5. Paid $47,000 of salaries expense for the year. 6. Adjusted the accounting records to reflect uncollectible accounts expense for the year. Leach estimates that 3 percent of the ending accounts receivable balance will be uncollectible. 7. Closed the revenue account. 8. Closed the expense account. Year 2 1. Wrote off an uncollectible account for $800. 2. Provided $97,000 of services on account. 3. Provided $41,000 of services and collected cash. 4. Collected $90,000 cash from accounts receivable. 5. Paid $74,000 of salaries expense for the year. 6. Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that 3 percent of the ending accounts receivable balance will be uncollectible. Exercise 7-7A Part a Required a. Record the Year 1 events in general journal form and post them to T-accounts. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)