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recelyabe during ve at 1 Pecuired under an acceuming equation before antishying the reguifements a. The balhrice of the accounts feceivable that would be reported

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recelyabe during ve at 1 Pecuired under an acceuming equation before antishying the reguifements a. The balhrice of the accounts feceivable that would be reported an the Becember. 31, Year 1, baimce theet. b. The artourt of net income that would be reported on the year 1 incerte statemeri c. The ambunt of net cash fiow fom operating actlyities that would be regorted on the wear 1 shmement of cash fiows. d. The aimount of tetaimed earrings that would be feported ort the year 1 bolknte sheet. Combiete this question by entering your anwwere in the tabe belew. Holloway Company earned $18,000 of service revenue on account during Year 1 . The company collected $14,000 cash from sccounts recelvable during Year 1 . Required Based on this information alone, determine the following for Holloway Company, (hint Record the events in general ledger accounts under an accounting equation before sotisfying the requirements) a. The batance of the accounts recelvable that would be reported on the December 31, Year t, baiance sheet. b. The amount of net income that would be reported on the Year 1 income statement. c. The amount of aet cash flow from operating octivities that would be reported on the vear 1 statement of cash flows d. The amount of retained earrings that would be reported on the Year 1 balance sheet. Complete this questien by entering your answers in the tabs belew, The balance of the aceounts recnivable that would be reported on the December 31, Year 1 , balance sheet. The amount of net income that would be reported on the Year 1 income statement. The amount of net cash flow from operating activities that would be reported on the Year 1 statement of cash flows. The amount of retained earnings that would be reported on the Year i balance sheet

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