Rosie Dry Cleaning was started on January 1, Year 1. It experienced the following events during its first two years of operation: Events Affecting Year 1

1. Provided $27,380 of cleaning services on account.
2. Collected $21,904 cash from accounts receivable.
3. Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be 1 percent of the cleaning revenue on account.

Events Affecting Year 2

1. Wrote off a $205 account receivable that was determined to be uncollectible.
2. Provided $31,952 of cleaning services on account.
3. Collected $28,278 cash from accounts receivable.
4. Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be 1 percent of the cleaning revenue on account.

Required a. Record the events for Year 1 and Year 2 in T-accounts. b. Determine the following amounts:

1. (1) Net income for Year 1.
2. (2) Net cash flow from operating activities for Year 1.
3. (3) Balance of accounts receivable at the end of Year 1.
4. (4) Net realizable value of accounts receivable at the end of Year 1.

c. Repeat Requirements b for the Year 2 accounting period. there still things that i missing for

Cash Retained Earnings Year 1 Beg. Bal. 2. 21,904 cl 274 27,380 CI Bal. 21,904 End. Bal. 27,106 Year 2 3. 28,278 End. Bal. 50,182 Accounts Receivable Service Revenue Year 1 Year 1 1. 27,380 21,904 2. cl 27,380 27,380 1. Bal. 5,476 Bal. Year 2 Year 2 2. 31,952 205 1. 31,952 2. 28,278 3. End. Bal. 8,945 End. Bal. 31,952 Allowance for Doubtful Accounts Uncollectible Accounts Expense Year 1 Year 1 274 3. 3. 274 274 cl Bal. 274 Bal. Year 2 Year 2 1. 205 320 4. 4. 320 End. Bal. 389 End. Bal. 320 (1) Net income for Year 2 (2) Net cash flow from operating activities for Year 2 (3) Balance of accounts receivable at the end of Year 2 (4) Net realizable value of accounts receivable at the end of Year 2