Leach Incorporated experienced the following events for the first two years of its operations:
Year :
Issued $ of common stock for cash.
Provided $ of services on account.
Provided $ of services and received cash.
Collected $ cash from accounts receivable.
Paid $ of salaries expense for the year.
Adjusted the accounting records to reflect uncollectible accounts expense for the year. Leach estimates that percent of the ending accounts receivable balance will be uncollectible.
Year :
Wrote off an uncollectible account for $
Provided $ of services on account.
Provided $ of services and collected cash.
Collected $ cash from accounts receivable.
Paid $ of salaries expense for the year.
Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that percent of the ending accounts receivable balance will be uncollectible.
c What is the net realizable value of the accounts receivable at December Year
