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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

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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 1 1. Provided $25,710 of cleaning services on account. 2. Collected $20,568 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 $193 account receivable that was determined to be uncollectible 2. Provided $30,004 of cleaning services on account. 3. Collected $26,554 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. Organize the transaction data in accounts under an accounting equation 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. Determine the following amounts 1. (1) Net income for Year 2 2. (2) Net cash flow from operating activities for Year 2 3. (3) Balance of accounts receivable at the end of Year 2. 4. (4) Net realitzable value of accounts receivable at the end of Year 2 Complete this question by entering your answers in the tabs below. RAQAL Reg A2 ReqB Regc Organize the transaction data in accounts under an accounting equation for Year 1. (Enter any decreases to account balances with a minus sign. Not all cells in the "Accounts Titles for Retained Earnings column may require an input leave cells blank there is no corresponding Retained Earnings input needed.) ROSIE DRY CLEANING Accounting Equation for the Year 1 Accounts Titles for Retained Earning

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