Leach Incorporated experienced the following events for the first two years of its operations.

Year 2:

Wrote off an uncollectible account for $950.

Provided $94,000 of services on account.

Provided $38,000 of services and collected cash.

Collected $87,000 cash from accounts receivable.

Paid $71,000 of salaries expense for the year.

Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that 5 percent of the ending accounts receivable balance will be uncollectible.

Closed the revenue account.

Closed the expense accounts.

Cash					Common Stock
Beginning Balance					Beginning Balance
Ending Balance					Ending Balance
Accounts Receivable					Service Revenue
Beginning Balance					Beginning Balance	132,000
Ending Balance					Ending Balance	132,000
Allowance for Doubtful Accounts					Retained Earnings
Beginning Balance					Beginning Balance
Ending Balance					Ending Balance
Salaries Expense					Uncollectible Accounts Expense
Beginning Balance	71,000				Beginning Balance
Ending Balance	71,000				Ending Balance	0