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1. Wrote off an uncollectible account for $650. 2. Provided $88,000 of services on account 3. Provided $32,000 of servces and collected cash. 4. Colected
1. Wrote off an uncollectible account for $650. 2. Provided $88,000 of services on account 3. Provided $32,000 of servces and collected cash. 4. Colected $81,000 cash from accounts recelvable. 5. Paid $65,000 of salaries expense for the year. 6. Adjusted the accounts to reflect uncoliectible occounts expense for the yeac, Leach estimates that 5 percent of the ending accounts recelvable balance will be uncollectible. 7. Closed the revenue account. 8. Closed the expense accounts. d. Record the Year 2 events in general joumal form and post them to T-accounts. Prepore the income statement, statement of che in stockholders' equity, balance sheet, and statement of cash fows for Year 2 . What is the net realizable value of the accounts recelvable at December 31, Year 2 ? Complete this question by entering your answers in the tabs below. Post the Year 2 events to T-accounts. (Round your answers to the nearest whole dollar amounts.)
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