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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 $27,460 of cleaning services on account. 2 Collected $21,968 cash from accounts recelvable. 3. Adjusted the accounting records to reflect the estumate that uncollectible accounts expense would be 1 percent of the cleaning revenue on account. Events Affecting Year 2 1. Wrote off a $206 account recelvable that was determined to be uncollectible. 2 Pronded $32046 of cleaning services on accourt. 3. Collected $28,361 cash from accounts recelvable. 4. Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be i percent of the cleaning revenue on account. Required: a. Organze the transaction data in accounts under an accounting equation for each yeat: b. Determine the following amounts (1) Net income for Year 1. (2) Net cash flow from operating activities for Year 1. (3) Balance of accounts recelvable at the end of Year 1. (4) Net realizable value of accounts recelvable at the end of Year 1. c. Determine the following amounts: (1) Net income for Year 2 (2) Net cash flow from operating activites for Yeat 2 (3) Balance of accounts recelvable at the end of Year 2 (4) Not realizable value of accounts recelvable at the end of Year 2 Complete this question by entering vour answers in the tabs below. Organize the transaction data in accounts under an accounting equation for Year 1. Notet Enter any decreases to account balances with a minus sign, Fiot all cells require inpot. (1) Net income for Year 1. (2) Net cash flow from operating activities for Year 1. (3) Balance of accounts recelvable at the end of Year 1. (4) Net realizable value of accounts receivable at the end of Year 1. c. Determine the following amounts: (1) Net income for Year 2 (2) Net cash flow from operating activities for Year 2 (3) Balance of accounts receivable at the end of Year 2 (4) Net realizable value of accounts receivable at the end of Year 2. Complete this question by entering your answers in the tabs below. Organize the transaction data in accounts under an accounting equation for Year 1. Note: Enter any decreases to account balances with a minus sign. Not all cells require input. b. Determine the following amounts: (1) Net income for Year 1. (2) Net cash flow from operating activities for Year 1. (3) Balance of accounts receivable at the end of Year 1. (4) Net realizable value of accounts receivable at the end of Year 1. c. Determine the following amounts: (1) Net income for Year 2 (2) Net cash flow from operating activities for Year 2 (3) Balance of accounts receivable at the end of Year 2 (4) Net realizable value of accounts receivable at the end of Year 2. Complete this question by entering your answers in the tabs below. Organize the transaction data in accounts under an accounting equation for Year 2. Note: Enter any decreases to account balances with a minus sign. Not all cells require input. revenue on account. Required: a. Organize the transaction data in accounts under an accounting equation for each year. b. Determine the following amounts: (1) Net income for Year 1. (2) Net cash flow from operating activities for Year 1. (3) Balance of accounts receivable at the end of Year 1. (4) Net realizable value of accounts receivable at the end of Year 1. c. Determine the following amounts: (1) Net income for Year 2 (2) Net cash flow from operating activities for Year 2 (3) Balance of accounts receivable at the end of Year 2 (4) Net realizable value of accounts receivable at the end of Year 2. Complete this question by entering your answers in the tabs below. Determine the following amounts for the Year 1 accounting period. Note: Round your answers to nearest whole dollar amount. Required: a. Organize the transaction data in accounts under an accounting equation for each year. b. Determine the following amounts: (1) Net income for Year 1. (2) Net cash flow from operating activities for Year 1. (3) Balance of accounts receivable at the end of Year 1. (4) Net realizable value of accounts receivable at the end of Year 1. c. Determine the following amounts: (1) Net income for Year 2 (2) Net cash flow from operating activities for Year 2 (3) Balance of accounts receivable at the end of Year 2 (4) Net realizable value of accounts receivable at the end of Year 2 Complete this question by entering your answers in the tabs below. Determine the following amounts for the Year 2 accounting period. Note: Round your answers to nearest whole dollar amount. 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 $27,460 of cleaning services on account. 2 Collected $21,968 cash from accounts recelvable. 3. Adjusted the accounting records to reflect the estumate that uncollectible accounts expense would be 1 percent of the cleaning revenue on account. Events Affecting Year 2 1. Wrote off a $206 account recelvable that was determined to be uncollectible. 2 Pronded $32046 of cleaning services on accourt. 3. Collected $28,361 cash from accounts recelvable. 4. Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be i percent of the cleaning revenue on account. Required: a. Organze the transaction data in accounts under an accounting equation for each yeat: b. Determine the following amounts (1) Net income for Year 1. (2) Net cash flow from operating activities for Year 1. (3) Balance of accounts recelvable at the end of Year 1. (4) Net realizable value of accounts recelvable at the end of Year 1. c. Determine the following amounts: (1) Net income for Year 2 (2) Net cash flow from operating activites for Yeat 2 (3) Balance of accounts recelvable at the end of Year 2 (4) Not realizable value of accounts recelvable at the end of Year 2 Complete this question by entering vour answers in the tabs below. Organize the transaction data in accounts under an accounting equation for Year 1. Notet Enter any decreases to account balances with a minus sign, Fiot all cells require inpot. (1) Net income for Year 1. (2) Net cash flow from operating activities for Year 1. (3) Balance of accounts recelvable at the end of Year 1. (4) Net realizable value of accounts receivable at the end of Year 1. c. Determine the following amounts: (1) Net income for Year 2 (2) Net cash flow from operating activities for Year 2 (3) Balance of accounts receivable at the end of Year 2 (4) Net realizable value of accounts receivable at the end of Year 2. Complete this question by entering your answers in the tabs below. Organize the transaction data in accounts under an accounting equation for Year 1. Note: Enter any decreases to account balances with a minus sign. Not all cells require input. b. Determine the following amounts: (1) Net income for Year 1. (2) Net cash flow from operating activities for Year 1. (3) Balance of accounts receivable at the end of Year 1. (4) Net realizable value of accounts receivable at the end of Year 1. c. Determine the following amounts: (1) Net income for Year 2 (2) Net cash flow from operating activities for Year 2 (3) Balance of accounts receivable at the end of Year 2 (4) Net realizable value of accounts receivable at the end of Year 2. Complete this question by entering your answers in the tabs below. Organize the transaction data in accounts under an accounting equation for Year 2. Note: Enter any decreases to account balances with a minus sign. Not all cells require input. revenue on account. Required: a. Organize the transaction data in accounts under an accounting equation for each year. b. Determine the following amounts: (1) Net income for Year 1. (2) Net cash flow from operating activities for Year 1. (3) Balance of accounts receivable at the end of Year 1. (4) Net realizable value of accounts receivable at the end of Year 1. c. Determine the following amounts: (1) Net income for Year 2 (2) Net cash flow from operating activities for Year 2 (3) Balance of accounts receivable at the end of Year 2 (4) Net realizable value of accounts receivable at the end of Year 2. Complete this question by entering your answers in the tabs below. Determine the following amounts for the Year 1 accounting period. Note: Round your answers to nearest whole dollar amount. Required: a. Organize the transaction data in accounts under an accounting equation for each year. b. Determine the following amounts: (1) Net income for Year 1. (2) Net cash flow from operating activities for Year 1. (3) Balance of accounts receivable at the end of Year 1. (4) Net realizable value of accounts receivable at the end of Year 1. c. Determine the following amounts: (1) Net income for Year 2 (2) Net cash flow from operating activities for Year 2 (3) Balance of accounts receivable at the end of Year 2 (4) Net realizable value of accounts receivable at the end of Year 2 Complete this question by entering your answers in the tabs below. Determine the following amounts for the Year 2 accounting period. Note: Round your answers to nearest whole dollar amount

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