Collected $24,548 cash trom accounts recelvable. Adjusted the accounting records to reflect the...

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Accounting

Collected $24,548 cash trom accounts recelvable.
Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be 1 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:
(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.
Req A1
Req A2
Req B
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.
*Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted.
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