Provided $ of cleaning services on account.
Collected $ cash from accounts receivable.
Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be percent of the cleaning revenue on account.
Events Affecting Year
Wrote off a $ account receivable that was determined to be uncollectible.
Provided $ of cleaning services on account.
Collected $ cash from accounts receivable.
Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be 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:
Net income for Year
Net cash flow from operating activities for Year
Balance of accounts receivable at the end of Year.
Net realizable value of accounts receivable at the end of Year
