Record the Year 2 transactions in general journal form and post them to T-accounts (begin Year 2 with the ending T-account balances from Year 1).

A. Record service revenue on account.

B. Record collection of cash from accounts receivables.

C. Record entry for uncollectible accounts receivable wrote off.

D. Record reversal entry for allowances of doubtful accounts.

E. Record the adjusting entry for uncollectible accounts expense that will be 1 percent of sales on account.

F. Record cash paid for operating expenses.

G. Record adjustment entry for uncollectible accounts expenses that will be 0.5 percent of sale on account.

Required Information [The following information applies to the questions displayed below.] The following transactions apply to Jova Company for Year 1, the first year of operation: 1. Issued $10,000 of common stock for cash. 2. Recognized $210,000 of service revenue earned on account. 3. Collected $162,000 from accounts recelvable. 4. Pald $125,000 cash for operating expenses. 5. Adjusted the accounts to recognize uncollectible accounts expense. Jova uses the allowance method of accounting for uncollectible accounts and estimates that uncollectible accounts expense will be 1 percent of sales on account. The following transactions apply to Jova for Year 2: 1. Recognized $320,000 of service revenue on account. 2. Collected $335,000 from accounts recelvable. 3. Determined that $2,150 of the accounts recelvable were uncollectible and wrote them off. 4. Collected $800 of an account that had previously been written off. 5. Pald $205,000 cash for operating expenses. 6. Adjusted the accounts to recognize uncollectible accounts expense for Year 2 . Jova estimates uncollectible accounts expense will be 0.5 percent of sales on account. Complete the following requirements for Year 1 and Year 2. Complete all requirements for Year 1 prior to beginning the requirements for Year 2. Post the Year 2 transactions to T-accounts