Leach Incorporated 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 5 percent of the ending accounts receivable balance will be uncollectible.

7. Closed the revenue account.

8. Closed the expense accounts.

a. Record the Year 1 events in general journal form and post them to T-accounts.

Record the Year 1 events in general journal form. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet C D E F G H> Issued $19,000 of common stock for cash. Record the entry. Note: Enter debits before credits. Post the Year 1 events to T-accounts