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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

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 $27,440 of cleaning services on account.
Collected $21,952 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 $206 account receivable that was determined to be uncollectible.
Provided $32,022 of cleaning services on account.
Collected $28,339 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.Complete this question by entering your answers in the tabs below.
Req At
Determine the following amounts for the Year 1 accounting period.
Note: Round your answers to nearest whole dollar amount.
Comprete this question by entering your answers in the tabs below.
Req A!
Req A2
Reg B
Determine the following amounts for the Year 2 accourting period.
Note: Reund your answers to nezrest whole dollar amount.
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