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please complete Req B-Req C Year 2: 1. Wrote off an uncollectible account for $650. 2. Provided $88,000 of services on account 3. Provided $32,000
please complete Req B-Req C
Year 2: 1. Wrote off an uncollectible account for $650. 2. Provided $88,000 of services on account 3. Provided $32,000 of services and collected cash. 4. Collected $81,000 cash from accounts recelvable 5. Paid $65,000 of salaries expense for the year. 6. Adjusted the accounts to reflect uncollectible accounts expense for the year Leach estimates that 5 percent of the ending accounts receivable balance wit be uncollectible Required a. Organize the transaction data in accounts under an accounting equation b. Prepare the income statement, statement of changes in stockhoiders equity, balance sheet, and statement of cash fows for Year 1 c. What is the net realizable value of the accounts tecelvable at December 31 , Year ? ending occounts receivable balance will be uncollectible. Required a. Organize the transaction data in accounts under an accounting equation. b. Prepare the income statement, statement of changes in stockholders' equity, bolance sheet. and statement of cosh flows far Year 1. c. What is the net realizable value of the accounts receivable of December 31 Year 1 ? Complete this question by entering your answers in the tabs below. Organize the tansaction data in accounts under an accounting equabon. (Enter any decreases to account balances with a miniss sign. If there is the Accounts Rities for Retained Lamings, leave the cell blank. Not all cells will require entry.) 6. Adjusted the accounts to renect uncollecubte accounts expense tor the year ceacr estimates that 5 percent or the. ending accounts recelvable balance will be uncollectible: Required a. Organize the transaction data in accounts under an accounting equation. b. Prepare the income statement, statement of changes in stockholders equity, balance sheet, and statement of cash flows for Year 1 . c. What is the net realizable value of the accounts receivable at December 31 , Year P ? Complete this question by entering your answers in the tabs below. Prepare the income statement for Year 1. 0. Adjusted the accounts to renect uncollectibie accounts expense tor the yeat. Leach estumates that b percent or the ending accounts receivable balance will be uncollectible. Required . Organize the transaction dato in accounts under an accounting equation. . Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash fows for Year 1. c. What is the net realizable value of the accounts receivable at December 31, Year 1 ? Complete this question by entering your answers in the tabs below. Prepare the statement of changes in stockholders' equity for Year 1. 6. Agusted the accounts to renect uncollectibie accounts expense for the year. Leach estimates that s percent of the ending accounts receivable balance will be uncollectible. Required a. Organize the transaction data in accounts under an accounting equation. b. Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statememt of cash flows for Year 1 c. What is the net reolizable value of the accounts recelvable at December 31 , Year 1 ? Complete this question by entering your answers in the tabs below. Prepare the balance sheet for Year 1 . a. Organize the transaction data in accounts under an accounting equation b. Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for Year 1 c. What is the net realizable value of the accounts recelvable at December 31 , Year 1 ? Complete this question by entering your answers in the tabs below. Prepare the statement of cash flows for Year 1. (Cash outhlows should be indicated with a minus sign.). 1. Wrote off an uncollectible account for $650 2. Provided $88.000 of services on account 3. Provided $32,000 of services and collected cash. 4. Collected $81,000 cash from accounts recelvable. 5. Paid $65,000 of solaries expense for the year. 6. Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that 5 percent of the ending accounts recelvable balance will be uncollectible. Required a. Organize the transaction data in accounts under an accounting equation. b. Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for Year 1 c. What is the net realizable value of the accounts receivable at December 31 , Year 1 ? Complete this question by entering your answers in the tabs below. What is the net realizable value of the accounts receivable at December 31, Year 1 Step by Step Solution
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