Required Pecon't the Yoat 2 casti collectort in the oppropiate Taccouste for Year 2 Copiplete this abuestion by entering your answers in the tabs below, entries Record the Year 1 transactions in Taccounts and close the Yeat 1 Service Revenue account to the fletained farnings account, Record tiwe Year 2 (nitrieth) Davos Company performed services on account for $67,500 in Year 1. Davos collected $54,000 cash from accounts receivable duting Year 1. and the remaining $13.500 was collected in cash during Year 2 Required a. e. \& f. Record the Year 1 transactions in T-accounts and close the Year 1 Service Revenue account to the Retained Earninigs account Record the Year 2 cash collection in the appropniate T-accounts b. & g. Show the Year 1 and Year 2 transactions in a horizontal statements model c. Determine the amount of revenue Davos would report on the Year 1 income statement. d. Determine the amount of cash flow from operating activities Davos would report on the Year 1 stotement of cash fllows h. Assuming no other transactions occur in Year 2. determine the amount of net income and the net cash flow from operating activites for Year 2 Complete this question by entering your answers in the tabs below. Determine the amount of revenue Davos would report on the Year 1 income statement. Davos Company performed services on account for $67,500 in Year 1. Davos collected $54,000 cash from accounts recenabile dufing Year 1, and the remaining $13,500 was collected in cash during Year 2 . Required a. e. \& f. Record the Year 1 transactions in T-accounts and close the Year 1 Service Rovenue account to the Retained Earnings account. Record the Yeat 2 cash collection in the appropriate T-accounts b. \& 9 . Show the Year 1 and Year 2 transactions in a horizontal statements model. c. Determine the amount of revenue Davos would report on the Year 1 income statement d. Determine the amount of cash flow from operating activities Davos would report on the Year 1 statement of cash flows h. Assuming no other transactions occur in Year 2 , determine the amount of net income and the net cash flow from operating activities for Year 2 Complete this question by entering your answers in the tabs below. Determine the amount of cash flow from operating activities Davos would report on the Year 1 statement of cash flows. Davas Company performed services on account for $67,500 in Yeat 1 Davos coliected $54.000 cash from accounts recelvable during Yoar 1, and the remoining $13.500 was collected in cash during Year 2 . Required A. e. \& f. Fecord the Year 1 transactions in T-accounts and close the Year 1 Service Revenue account to the Retained Earnings occount. Recold the Year 2 cash collection in the approptiate T-accounts b. 8g. Show the Yeor 1 and Yeer 2 transactions in a honzontal statements model. c. Determine the amount of revenue Dovos would report on the Year 1 income statement d. Determine the amount of cash flow from operoting activities Dovos would report on the Year 1 statement of cash flows h. Assuming no ather transactions occur in Yeor 2 . determine the amount of net income and the net cash flow from operating activitiess for Year 2 Complete this question by entering your answers in the tabs below. Assuming no other transactions occur in Year 2, determine the amount of net income and the net cash flow from operating activities for Year 2
