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Required information [The following information applies to the questions disployed below] Leach incorporated experienced the following events for the first two years of its operations:

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Required information [The following information applies to the questions disployed below] Leach incorporated experienced the following events for the first two years of its operations: Yeor 1 : 1. Issued $10,000 of common stock for cash 2. Provided 570.000 of services on account. 3. Provided $25,000 of services and recelved cash. 4. Colvected \$45,000 cash from occounts recelvable 5. Pold $22,000 of solarles expense for the yeat. 6. Adjusted the occounting records to reflect uncollectible sccounts expense for the year. Leach estimates that 6 percent of the ending accounts receivable balance will be uncollectible Year 2: 1. Wrote off an uncollectible account for $2.63p. 2. Provided $90,000 of services on account. 3. Provided $25,000 of services and collected cash. 4. Collected 572,000 cash from accounts receivable. 5. Paid $30,000 of salaries expense for the year 6. Adjusted the occounts to refiect uncollectible accounts expense for the yeat. Leach estimates that 6 percent of the ending accounts receivable baliance will be uncollectble Required: a. Organize the transaction data in accounts under an accounting equation. Note: Enter any decreases to account balances with a minus sign. Not all cells require input

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