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[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:

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[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 $10,000 of common stock for cash. 2. Provided $100,000 of services on account. 3. Provided $33,000 of services and recelved cash. 4. Collected $67.000 cash from accounts recelvable. 5. Paid $18,000 of salaries expense for the year. 6. Adjusted the accounting records to reflect uncollectible accounts expense for the year Leach estimates that 8 percent of the ending accounts receivable balance will be uncollectible. Year 2: 1. Wrote off an uncollectible account for $660. 2. Provided $120,000 of services on account 3. Provided $20,000 of services anc orllected cash. 4. Collected $102,000 cash from acclounts recelvable. 5. Paid $24,000 of salaries expense for the year. 6. Adjusted the occounts to reflect uncollectible accounts expense for the year. Leach estimates that 8 percent of the ending accounts recelvable balance will be uncollectible. d-1. Organize the tronsaction data in accounts under an accounting equation. d.2. Prepare an income statement for Year 2. d-3. Prepare the statement of changes in stockholders' equity for Year 2. d.4. Prepare the balance sheet for Year 2. d.5. Prepare the statement of cash flows for Year 2. d-6. What is the net realizable value of the accounts recelvable at December 31, Year 2

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