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Need help with part c only 1. Provided $28.820 of cleaning services on account. 2 Colected $27056 cash from accounts necelvable. 3. Adjusted fre accounting
Need help with part c only
1. Provided $28.820 of cleaning services on account. 2 Colected $27056 cash from accounts necelvable. 3. Adjusted fre accounting reconds to reflect the estimabe that uncolbectible accounds eapense would be 9 percent of the clearing tevenue an accoure Everts Aflecting Kea 2 1. Wrote off a $285 account recelvable thet was determined to be uncolectible 2. Phovided $33633 of clearing services on acooune. 3. Collected $295 cash from accounts reccetvable. ievenue on accoure. Required a. Oegarize the trandaction data in accounts under an accouring equation for each year. b. Delemine the following anounts: 1. (1) Net income for Year 1 . 2 (2) Net cash fiow from operabing activities for Year t. 3. (3) flatance of accounts rectelvable at the end of rear 1. 4. (4) Net realizable value of accounts recelvable at the end of Year t. c. Determine the following amounts: t (1) Net income for Year 2 2. (2) Net canh fow from operabing actevetes for Year 2. 3. (1) Balunce of accourts recelvable of the end of Year 2. 4. (4) Net reallable vilue of actiounts recehnble at the end of Year 2. 1. Provided $28.820 of cleaning services on account. 2 Colected $27056 cash from accounts necelvable. 3. Adjusted fre accounting reconds to reflect the estimabe that uncolbectible accounds eapense would be 9 percent of the clearing tevenue an accoure Everts Aflecting Kea 2 1. Wrote off a $285 account recelvable thet was determined to be uncolectible 2. Phovided $33633 of clearing services on acooune. 3. Collected $295 cash from accounts reccetvable. ievenue on accoure. Required a. Oegarize the trandaction data in accounts under an accouring equation for each year. b. Delemine the following anounts: 1. (1) Net income for Year 1 . 2 (2) Net cash fiow from operabing activities for Year t. 3. (3) flatance of accounts rectelvable at the end of rear 1. 4. (4) Net realizable value of accounts recelvable at the end of Year t. c. Determine the following amounts: t (1) Net income for Year 2 2. (2) Net canh fow from operabing actevetes for Year 2. 3. (1) Balunce of accourts recelvable of the end of Year 2. 4. (4) Net reallable vilue of actiounts recehnble at the end of Year 2Step by Step Solution
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