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Rosie ory Cleaning weas startee Check my started on January 1, 2018. It experienced the following events during its first two years of operation Events
Rosie ory Cleaning weas startee Check my started on January 1, 2018. It experienced the following events during its first two years of operation Events Affecting 2018 Provided $32,890 of cleaning services on account. 2. Collected $26,312 cash from accounts receivable. Adjusted the accounting records to reflect the estimate that uncllectible accounts expense would be 1 percent of the cleaning revenue on account. Events Affecting 2019 1. Wrote off a $247 account receivable that was determined to be uncollectible 2. Provided $38,383 of cleaning services on account. 3. Collected $33,969 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 for each year. b. Determine the following amounts 1. (1) Net income for 2018. 2. (2) Net cash flow from operating activities for 2018 3. (3) Balance of accounts recelvable at the end of 2018. 4. (4) Net realizable value of accounts receivable at the end of 2018
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