Business, 10.09.2019 20:20, breana758

Davos company performed services on account for $51,000 in year 1. davos collected $40,800 cash from accounts receivable during year 1, and the remaining $10,200 was collected in cash during year 2. required a. e. & f. record the year 1 transactions in t-accounts and close the year 1 service revenue account to the retained earnings account. record the year 2 cash collection in the appropriate t-accounts. b. & g. show the year 1 and year 2 transactions in a horizontal statements model. c. determine the amount of revenue davos would report on the year 1 income statement. d. determine the amount of cash flow from operating activities davos would report on the year 1 statement of cash flows. h. assuming no other transactions occur in year 2, determine the amount of net income and the net cash flow from operating activities for year 2.

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Davos company performed services on account for $51,000 in year 1. davos collected $40,800 cash from...