Question: #2 need help Required information The folowing information applies to the questions displayed below] Leach inc. experienced the following events for the first two years
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Required information The folowing information applies to the questions displayed below] Leach inc. experienced the following events for the first two years of its opetations: Year. 1: 1. Hssued $10,000 of common stock for eash. 2. Provided $70,000 of services on account. 3. Provided $33.000 of services and recoked cash. 4. Collected $37,000 cosh from accounts recelvable. 5. Paid $16,000 of solaries expense for the year. 6. Adjusted the accounting records to iefiect uncollectble accounts expense for the year, Leach ostimates that 6 percent of the ending accounts recevabie baiance will be uncollectiblo. Year 2: 1. Whote off an uncollectible account for $2.630. 2. Provided $90,000 of services on account. 3. Provided $15.000 of services and collected cash. 4. Collected $72.000 cash from accounts receivable. 5. Pald $28000 of salories expense for the yest. 6. Adjushed the accounts to reflect uncelectale accounts emense for the year. Lench estirates that 6 percent of the ending accounts recelvable balance wil be uncolectble. Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cashifiows for Year Complete this question by entering your answers in the tabs below. Prepare an income statement for Year. 1. Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash fows for Yea Complete this question by entering your answers in the tabs below. Prepare the statement of changes in stockholders' equlty for Yesr 1. Prepare the balance sheet for year 1. Aequired information Prepare the statement of cash flows for Year 1 . (Armounts to be deducted and cash outhows whould be Indieated with a mint ign.) Required information The folowing information applies to the questions displayed below] Leach inc. experienced the following events for the first two years of its opetations: Year. 1: 1. Hssued $10,000 of common stock for eash. 2. Provided $70,000 of services on account. 3. Provided $33.000 of services and recoked cash. 4. Collected $37,000 cosh from accounts recelvable. 5. Paid $16,000 of solaries expense for the year. 6. Adjusted the accounting records to iefiect uncollectble accounts expense for the year, Leach ostimates that 6 percent of the ending accounts recevabie baiance will be uncollectiblo. Year 2: 1. Whote off an uncollectible account for $2.630. 2. Provided $90,000 of services on account. 3. Provided $15.000 of services and collected cash. 4. Collected $72.000 cash from accounts receivable. 5. Pald $28000 of salories expense for the yest. 6. Adjushed the accounts to reflect uncelectale accounts emense for the year. Lench estirates that 6 percent of the ending accounts recelvable balance wil be uncolectble. Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cashifiows for Year Complete this question by entering your answers in the tabs below. Prepare an income statement for Year. 1. Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash fows for Yea Complete this question by entering your answers in the tabs below. Prepare the statement of changes in stockholders' equlty for Yesr 1. Prepare the balance sheet for year 1. Aequired information Prepare the statement of cash flows for Year 1 . (Armounts to be deducted and cash outhows whould be Indieated with a mint ign.)
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