The following information applies to the questions displayed below] Leach incorporated experienced the following events for the first two years of its operations. Year 1: 1. Issued $20.000 of common stock for cash. 2. Provided $89.000 of services on account. 3. Provided $46.000 of services and recelved cash. 4. Collected $79,000 cash from accounts recelvable. 5. Paid $48,000 of salaries expense for the year. 6. Adjusted the accounting records to reffect uncollectible accounts expense for the yeat Leach estimates that 4 percent of the ending accounts recelvable balance will be uncollectible. 7. Closed the revenue account. 8. Closed the expense accounts. Year 2: 1. Wrote off an uncollectible account for $1.150. 2 Provided $98,000 of services on account. 3. Provided $42,000 of services and collected cash. 4. Collected $91,000 cash from accounts receivable. 5. Paid $75,000 of salaries expense for the year. 6. Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that 4 percent of the ending accounts recelvable balance wil be uncoliectible. 7. Closed the revenue account. 8. Closed the expense accounts. Exerclse 7-7A (Algo) Part a Required Q. Record the Year 1 events in general journal form and post them to T. bccounts