Question: if you could do it in the same format, that would help a TON! It WILL get upvoted. Ich Inc. experienced the following events for

 if you could do it in the same format, that would
help a TON! It WILL get upvoted. Ich Inc. experienced the following
events for the first two years of its operations: Year 1: 1.
Issued $10,000 of common stock for cash. 2. Provided $120,000 of services
on account. 3. Provided $35,000 of services and received cash. 4. Collected
$85,000 cash from accounts receivable. 5. Paid $22,000 of salaries expense for
the year. 6. Adjusted the accounting records to reflect uncollectible accounts expense
for the year. Leach estimates that 8 percent of the ending accounts
if you could do it in the same format, that would help a TON! It WILL get upvoted.

Ich Inc. experienced the following events for the first two years of its operations: Year 1: 1. Issued $10,000 of common stock for cash. 2. Provided $120,000 of services on account. 3. Provided $35,000 of services and received cash. 4. Collected $85,000 cash from accounts receivable. 5. Paid $22,000 of salaries expense for the year. 6. Adjusted the accounting records to reflect uncollectible accounts expense for the year. Leach estimates that 8 percent of the ending accounts receivable balance will be uncollectible. Year 2: 1. Wrote off an uncollectible account for $700. 2. Provided $140,000 of services on account. 3. Provided $15,000 of services and collected cash. 4. Collected $122,000 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 8 percent of the ending accounts receivable balance will be uncollectible. 02:48:16 a. Organize the transaction data in accounts under an accounting equation b. Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for Year 1 c. What is the net realizable value of the accounts receivable at December 31, Year 12 Complete this question by entering your answers in the tabs below. Req A Req B Inc Reg B Stmt of Req B Bal Req B Stmt Stmt Changes Sheet Cash Flows Reg C Organize the transaction data in accounts under an accounting equation. (Enter any decreases to account balances with a minuss on the Accounts Titles for Retained Earnings, leave the cell blank. Not all cells will require entry) LEACH INC Accounting Equation for the Year LEACH INC. Assets NRV Accounts + Receivable Event Accounting Equation for the Year 1 Equity Liabilities + Common Retained Stock Earnings Cash Accounting Titles for Retained Earnings 1. ++ 2. 3. 4. 5 + 6. ++ Bal 014 O- 01 + Prepare the income statement for Year 1. LEACH INC. Income Statement For the Year Ended December 31, Year 1 Operating expenses Total operating expenses 0

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