The following information applies to the questions displayed below.] Leach Inc, experienced the following events for the first two years of its operations: Year 1: 1. Issued $27,000 of common stock for cash. 2. Provided $96,700 of services on account. 3. Provided $53,000 of services and received cash. 4. Collected $86,000 cash from accounts receivable. 5. Paid $55,000 of salaries expense for the year. 6. Adjusted the accounting records to reflect uncollectible accounts expense for the year. Leach estimates that 5 percent of the ending accounts receivable balance will be uncollectible. 7. Closed the revenue account. 8. Closed the expense account. Year 2: 1. Wrote off an uncollectible account for $820. 2. Provided $105,000 of services on account. 3. Provided $49,000 of services and collected cash. 4. Collected $98,000 cash from accounts receivable. 5. Paid $82,000 of salaries expense for the year. 6. Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that 5 percent of the ending accounts receivable balance will be uncollectible. Cash Common Stock Beg. Bat. 1. Beg. Bal. 27,000 55,000 5 27,000 1. 3. 53,000 86,000 4. End. Bal. 27,000 End. Bal. 111,000 Accounts Receivable Retained Earnings Beg. Bal. Beg. Bal. 2. 96,700 $ 86,000 4. End. Bal. 10.700 End. Bal Allowance for Doubtful Accounts Service Revenue Beg. Bal. 6. 535 8 cl. Beg. Bal. 2. 13 7 cl 96,700 53,000 C D EO Allowance for Doubtful Accounts Service Revenue eg. Bal Beg. Bal. 2 535 8 cl. 96.700 17 cl. 3 53,000 nd. Bal. 535 Bal. $ 149.700 End. Bal. 149.700 Uncoll. Accts. Expense Salaries Expense eg. Bal Beg. Bal. 5. 535 6. 55,000 8 cl. 535 al 55,000 Bal. 535 End. Bal. $ nd. Bal. 55,000