Question: i dont understand this at all, please help Chec Rosie Dry Cleaning was started on January 1, Year 1. It experienced the following events during

i dont understand this at all, please help
i dont understand this at all, please help Chec Rosie Dry Cleaning
was started on January 1, Year 1. It experienced the following events
during its first two years of operation: Events Affecting Year 1 1.
Provided $30,900 of cleaning services on account 2. Collected $24.720 cash from
accounts receivable. 3. Adjusted the accounting records to reflect the estimate that

Chec Rosie Dry Cleaning was started on January 1, Year 1. It experienced the following events during its first two years of operation: Events Affecting Year 1 1. Provided $30,900 of cleaning services on account 2. Collected $24.720 cash from accounts receivable. 3. Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be 1 percent of the cleaning revenue on account. Events Affecting Year 2 1. Wrote off a $232 account receivable that was determined to be uncollectible. 2. Provided $36,060 of cleaning services on account 3. Collected $31,913 cash from accounts receivable. 4. Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be 1 percent of the cleaning revenue on account Required a. Organize the transaction data in accounts under an accounting equation for each year, b. Determine the following amounts: 1 (1) Net income for Yeart 2. (2) Net cash flow from operating activities for Year 1. 3. (3) Balance of accounts receivable at the end of Year 1 4. (4) Net realizable value of accounts receivable at the end of Year 1 c. Determine the following amounts: 1 (1) Net Income for Year 2 2. (2) Net cash flow from operating activities for Year 2 3. (3) Balance of accounts receivable at the end of Year 2 4 (4) Netreatable value of accounts receivable at the end of Year 2 Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req B Reqc Organize the transaction data in accounts under an accounting equation for year 1. ( with a minus sign. If there is no effect on the Accounts Titles for Retained Earnings, le require entry. Round your answers to the nearest whole dollar) ROSIE DRY CLEANING Accounting Equation for the Year 1 Balance Sheet Assets Equity Accounts Titles for Retained NRV Accounts Retained Earnings + Receivable Earnings Event Cash 1. + + + + III 2. 3. + 1111 Bal. 0 + 0 = 0 ReqA Req A2 > Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req B Reqc Determine the following amounts for the Year 2 accounting period. (Round your answers to nearest w Net income Net cash flow from operating activities Balance of accounts receivable Net realizable value of accounts receivable

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