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Year 2: 1. Wrote off an uncollectible account for $2,720. 2. Provided $90,000 of services on account. 3. Provided $25,000 of services and collected cash.

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Year 2: 1. Wrote off an uncollectible account for $2,720. 2. Provided $90,000 of services on account. 3. Provided $25,000 of services and collected cash. 4. Collected $72,000 cash from accounts receivable. 5. Paid $32,000 of salaries expense for the year. 5. Paid $32,000 of salaries expense for the year. 6. Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that 7 percent of the ending accounts receivable balance will be uncollectible. Required: Required: a. Organize the transaction data in accounts under an accounting equation. Note: Enter any decreases to account balances with a minus sign. Not all cells require input. 4. Collected $72,000 cash from accounts receivable. 5. Paid $32,000 of salaries expense for the year. 6. Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that 7 percent of the ending accounts receivable balance will be uncollectible. Required: a. Organize the transaction data in accounts under an accounting equation. Note: Enter any decreases to account balances with a minus sign. Not all cells require input

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