Row Dry Clearing was started on January keepenenced the following resume te first two years of operator Events Affecting Year Porded $1040 of cleaning services on account 2. Collected $24.832 cash from accounts receivable 2. Austed the accounting records to reflect the estimate the collectible accounts expense would be percent of the deaning Toverup on account Events Affecting Year 2 1 Wote off a $233 account receivable that was determined to be uncollectible 2. Provided $36.224 of cleaning Services on account 2. Collected $32,058 cath from accounts receivable 4. Adjusted the accounting records to reflect the estimate that uncollectible accounts expence would be percent of the clearing revenue on sccount Required a. Pocord the events for Year 1 and 2 Taccounts b. Determine the following amount ( Not income for you (2) Nicca ow from operating activities for Yeart Go Balance of accounts receivable at the end of Yeart Netrable value of accounts recevable at the end of Year 2 Repeat Requirements for the Year 2 accounting period Complete the question by entering your answers in the tabs below Record the evene forlader 2 is a compound the whole 22.01 2 Rosle 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 $31,040 of cleaning services on account 2. Collected $24.832 cash from accounts receivable 3. Adusted the accounting records to reflect the estimate that uncollectible accounts expense would be percent of the cleaning revenue on account Events Affecting Year 2 1. Wrote off a $233 account receivable that was determined to be uncollectible 2. Provided $36.224 of cleaning services on account 3. Collected $32,058 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. D. Determine the following amounts: (1) Net Income for Year 1 (2) Net cash flow from operating activities for Year 1. Bi Balance of accounts receivable at the end of Year 1. (4) Netreatzable value of accounts receivable at the end of Year 1 c. Repeat Requirements for the Year 2 accounting period. Complete this question by entering your answers in the tabs below. Required A RO Required Determine the following amounts: Round your intermediate calculations to nearest whole dollar) (4) Net income for Year 1 (2) Net cash flow from operating activities for Year 1. (3) Balance accounts receivable at the end of Year 1. (4) e realizable value of accounts receivable at the end of Year 1. Show less Net income for Year 1 Het cash flow from operating activities for Year Balance of accounts receivable at the end of Ye 1 14 Net of counts receivable at the end of 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 1. Provided $31040 of cleaning services on account 2 Collected $24.832 cash from accounts recevable. 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 $233 account receivable that was determined to be uncollectible. 2 Provided $36.224 of cleaning services on account. 3. Collected $32.058 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) Net Income for Year 1 (2) Net cash flow from operating activities for Year (3) Balance of accounts recevable at the end of Year 1 (4) Net realizable value of accounts receivable at the end of Year 1: c. Repeat Requtrements b for the Year 2 accounting period. Complete this question by entering your answers in the tabs below. Required Required- Real Repeat Requirements for the ver ccounting period. (Round your intermediate calculations to nearest whole dollar.) (Net income for Year 2 2 Die cash flow from operating activities for Year 2 Balance of accounts receivable at the end of Year 2 14 value of accounts receivable at the end of Year 2