the following transaction applied to Hoover company for year one is first year of operation it should $60,000$ common stock for cash provided $$90,000$ services on account collected $$78,000$ cash from accounts receivable long $$20,000$ to move the Continental year one that never had any one year turn to material and a $6\%$ interest rate pay $$26,000$ salary expense for the year paid a $2,000$ dividend to the stock order because they are interesting first year service Revenue will be uncollectible