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 Provided $31,380 of cleaning services on account Collected $25,104 cash from accounts receivable 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 Wrote off a $235 account receivable that was determined to be uncollectible Provided $36,620 of cleaning services on account Collected $32,409 cash from accounts receivable Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be 1 percent of the cleaning revenue on account Required Organize the transaction data in accounts under an accounting equation for each year Determine the following amounts (1) Net income for Year 1 (2) Net cash flow from operating activities for Year 1 (3) Balance of accounts receivable at the end of Year 1 (4) Net realizable value of accounts receivable at the end of Year 1 Determine the following amounts (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 Organize the transaction data in accounts under an accounting equation for year 2 (Enter any decreases to account balances with a minus sign If there is no effect on the Accounts Titles for Retained Earnings, leave the cell blank Not all cells will require entry Round your answers to the nearest whole dollar ) 4 (4) Net realizable value of accounts receivable at the end of Year 2 Answer is not complete Complete this question by entering your answers in the tabs below Determine the following amounts for the Year 1 accounting period (Round your answers to nearest whole dollar amount ) 4 (4) Net realizable value of accounts receivable at the end of Year 2 Answer is not complete Complete this question by entering your answers in the tabs below Determine the following amounts for the Year 2 accounting period (Round your answers to nearest whole dollar amount )

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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

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

Provided $31,380 of cleaning services on account.
Collected $25,104 cash from accounts receivable.
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

Wrote off a $235 account receivable that was determined to be uncollectible.
Provided $36,620 of cleaning services on account.
Collected $32,409 cash from accounts receivable.
Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be 1 percent of the cleaning revenue on account.

Required

Organize the transaction data in accounts under an accounting equation for each year.
Determine the following amounts:
(1) Net income for Year 1.
(2) Net cash flow from operating activities for Year 1.
(3) Balance of accounts receivable at the end of Year 1.
(4) Net realizable value of accounts receivable at the end of Year 1.
Determine the following amounts:
(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.

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Organize the transaction data in accounts under an accounting equation for year 2. (Enter any decreases to account balances with a minus sign. If there is no effect on the Accounts Titles for Retained Earnings, leave the cell blank. Not all cells will require entry. Round your answers to the nearest whole dollar.) 4. (4) Net realizable value of accounts receivable at the end of Year 2. Answer is not complete. Complete this question by entering your answers in the tabs below. Determine the following amounts for the Year 1 accounting period. (Round your answers to nearest whole dollar amount.) 4. (4) Net realizable value of accounts receivable at the end of Year 2. Answer is not complete. Complete this question by entering your answers in the tabs below. Determine the following amounts for the Year 2 accounting period. (Round your answers to nearest whole dollar amount.)