Question: 740 Help Save & Exit Required information The following information applies to the questions displayed below Leach Inc experienced the following events for the first

 740 Help Save & Exit Required information The following information applies
to the questions displayed below Leach Inc experienced the following events for
the first two years of its operations 2018. 4 of 4 1
Issued $10,000 of common stock for cash. 2. Provided $110,000 of services
on account 3. Provided $25,000 of services and received cash. 4. Collected
$85,000 cash from accounts receivable. 5. Paid $20,000 of salaries expense for
the year 6. Adjusted the accounting records to reflect uncollectible accounts expense

740 Help Save & Exit Required information The following information applies to the questions displayed below Leach Inc experienced the following events for the first two years of its operations 2018. 4 of 4 1 Issued $10,000 of common stock for cash. 2. Provided $110,000 of services on account 3. Provided $25,000 of services and received cash. 4. Collected $85,000 cash from accounts receivable. 5. Paid $20,000 of salaries expense for the year 6. Adjusted the accounting records to reflect uncollectible accounts expense for the year. Leach estimates that 8 per cent of the ending accounts receivable balance will be uncollectible. 2019 1. Wrote off an uncollectible account for $740 2. Provided $130,000 of services on account 3. Provided $30,000 of services and collected cash. 4. Collected $112,000 cash from accounts receivable 5. Pald $22,000 of salaries expense for the year. 6. Adjusted the accounts to reflect uncollectible accounts expense for the year Leach estimates that 8 percent of th e ending accounts receivable balance will be uncollectible e the transaction data in accounts under an accounting equation for 2019. d-2. Prepare an income statement for 2019 d-3. Prepare the statement of changes in stockholders' equity for 2019 d-4. Prepare the balance sheet for 2019 d-5. Prepare the statement of cash flows for 2019 d-6. What is the net realizable value of the accounts receivable at December 31, 2019? Complete this question by entering your answers in the tabs below. Prev6of 9Next> SAMSUNG

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