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Lesch incorporated experienced the following events for the first two years of its operations: Year 1: 1. Issued $10,000 of common stock for cash, 2.

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Lesch incorporated experienced the following events for the first two years of its operations: Year 1: 1. Issued $10,000 of common stock for cash, 2. Provided $70,000 of services on account. 3. Provided $33,000 of services and recelved cash. 4. Collected $32,000 cash from accounts recotvable. 5. Paid $16,000 of salaries expense for the yeat: 6. Adjusted the accounting records to refect uncollectible accounts expense for the year, Leach estimates that 6 percent of the ending accounts teceivable balance wil be uncollectible. Year 2: 1. Wrote off an uncollectible account for $2,700. 2. Provided $90,000 of services on account. 3. Provided $25,000 of services and collected cash. 4. Costected $72,000 cash from accounts receivable 5. Paid $26,000 of solaries expense for the yoar. 6. Adjusted the accounts to reflect uncotiectible accounts expense for the year. Leach estimates that 6 percent of the ending accounts recelvable balance wat be uncollectible Required: a. Organlae the transaction dato in sccounts under an occounting equation. Note: Enter any decreases to sccount bolances with a minus sign. Not all cells requile input. Lesch incorporated experienced the following events for the first two years of its operations: Year 1: 1. Issued $10,000 of common stock for cash, 2. Provided $70,000 of services on account. 3. Provided $33,000 of services and recelved cash. 4. Collected $32,000 cash from accounts recotvable. 5. Paid $16,000 of salaries expense for the yeat: 6. Adjusted the accounting records to refect uncollectible accounts expense for the year, Leach estimates that 6 percent of the ending accounts teceivable balance wil be uncollectible. Year 2: 1. Wrote off an uncollectible account for $2,700. 2. Provided $90,000 of services on account. 3. Provided $25,000 of services and collected cash. 4. Costected $72,000 cash from accounts receivable 5. Paid $26,000 of solaries expense for the yoar. 6. Adjusted the accounts to reflect uncotiectible accounts expense for the year. Leach estimates that 6 percent of the ending accounts recelvable balance wat be uncollectible Required: a. Organlae the transaction dato in sccounts under an occounting equation. Note: Enter any decreases to sccount bolances with a minus sign. Not all cells requile input

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