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 received cash

4.Collected $67,000 cash from accounts receivable

5.Paid $18,000 of salary expense for the year

6.I just did the accounting records to reflect uncontrollable accounts expenses for the year. Leash estimate that 7% of the ending accounts receivable balance will be uncollectible.

Year 2:

1.wrote off in uncollectible accounts for $650

2.Provided $120,000 of services on account

3.Provided $30,000 of services and collectible cash

4.Collected $102,000 cash from accounts receivable

5.Paid $24,000 of salary expense for the year

6.I just did that account to reflect uncollectible accounts expenses for the year. Leash estimates that 7% of the ending accounts receivable balance will be uncollectible

1.

Req B Inc Stmt Req B Stmt SE Req B BalReq B Stmt Cash Flows Prev