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Required information The following information applies to the questions displayed below! Leach Incorporated experienced the following events for the first two years of its operations Yeart: 1. Issued $10,000 of common stock for cash. 2. Provided $78,000 of services on account 3. Provided $36,000 of services and received cash 4. Collected $69.000 cash from accounts receivable. 5. Paid 538.000 of salaries expense for the year 6. Adjusted the accounting records to reflect uncollectible accounts expense for the year Leach estimates that 5 percent of the ending accounts receivable balance will be uncollectible. 7. Closed the revenue account B. Closed the expense accounts Year 2 1. Wrote off an uncollectible account for $650 2. Provided 588,000 of services on account 3. Provided $32,000 of services and collected cash 4. Collected $81,000 cash from accounts receivable. 5. Paid $65.000 of salaries expense for the year 6. Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that 5 percent of the ending accounts receivable balance will be uncollectible. 7. Closed the revenue account 8. Closed the expense accounts d. Record the Year 2 events in general Journal form and post them to T-accounts. Prepare the income statement, statement of changes in stockholders equity, balance sheet, and statement of cash flows for Year 2. What is the net realizable value of the accounts receivable at December 31, Year 2? Complete this question by entering your answers in the tabs below. Reg D RO D2 Roa D3 -Reg Do Reg 5 Reg 05 Red k Assignment Saved Required information A B C D E F G H Wrote off an uncollectible account for $650. Record the entry. Note: Enter debits before credits General Journal Debit Credit Transaction 1 Record entry Clear entry View general journal Reg D2 > Required information C D E F G H Provided $88,000 of services on account. Record the entry. Note: Enter debits before credits Transaction General Journal Dobit Credit 2 2 Record entry Clear entry View general journal Reg D2 > Provided $32,000 of services and collected cash. Record the entry. Note: Enter debits before credits General Journal Debit Credit Transaction 3 Record entry Clear entry View general journal Reg D2 > Required information Required information Record the entry to close the revenue account. Note: Enter debits before credits General Journal Debit Credit Transaction 7 Record entry Clear entry View general journal Reg D2 > Required information