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Business, 07.10.2019 18:00, itscheesycheedar
2018: issued $10,000 of common stock for cash. provided $90,000 of services on account. provided $29,000 of services and received cash. collected $61,000 cash from accounts receivable. paid $20,000 of salaries expense for the year. 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. 2019: wrote off an uncollectible account for $730. provided $110,000 of services on account. provided $25,000 of services and collected cash. collected $92,000 cash from accounts receivable. paid $24,000 of salaries expense for the year. 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. d-1. organize the transaction data in accounts under an accounting equation. d-2. prepare an income statement for 2019. d-3. prepare the statement of changes in stockholders' equity for 2019. d-4. prepare the balance sheet for 2019. d-5. prepare the statement of cash flows for 2019. d-6. what is the net realizable value of the accounts receivable at december 31, 2019?
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2018: issued $10,000 of common stock for cash. provided $90,000 of services on account. provided $2...
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