Year 1: 1. Issued $10,000 of common stock for cash. 2. Provided $90,000 of services on account 3. Provlded $29,000 of services and receivedl cash. 4. Collocted $61.000 cash from eccounts reccivable. 5. Paid $18,000 of salaries expense for the ycar 6. Adjusted the accounting records to retlect uncollectible accounts expense for the year. Leach estimates that 5 percent of the ending accounts recelvable balance will be uncollectible Year 2: 1. Wrote off an uncollectible account for $750. Provided $110,000 of serves an account 3. Provlded $25,000 of services and collected cash. 4. Collected $92,000 cash from accounts recelvable 5. Paid $24,000 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 wil be uncollectible Required sign. Select "NA" if there is no effect on the "Accounts Titles for Retained Earnings" Accounting Equation for the Year 1 Accounting itles for Retained Liabilities Common+ Coah Accounts 1497, 330px 1912 x 825px 100% 342 PM O Type here to search