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The following transactions apply to Jova Company for Year $1,$ the first year of operation:

Issued $$23,000$ of common stock for cash.

Recognized $$223,000$ of service revenue earned on account.

Collected $$176,300$ from accounts receivable.

Paid $$138,000$ cash for operating expenses.

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 $2$ percent of sales on account.

The following transactions apply to Jova for Year $2$:

Recognized $$333,000$ of service revenue on account.

Collected $$348,000$ from accounts receivable.

Determined that $$2,800$ of the accounts receivable were uncollectible and wrote them off.

Collected $$2,100$ of an account that had previously been written off.

Paid $$218,000$ cash for operating expenses.

Adjusted the accounts to recognize uncollectible accounts expense for Year $2.$ Jova estimates uncollectible accounts expense will be $1\mathrm{.}0$ 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 $2.$

e$-2.$ Prepare closing entries and post these closing entries to the T$-$accounts and prepare a post$-$closing trial balance for Year $2.$