Year 1:\table[[LEACH INCORPORATED],[Accounting Equation for Year 2],[Event,Assets,=,Liabilities,+,Equity,\table[[Account Titles for Retained],[Earnings]]],[Cash,+,\table[[NRV],[Accounts],[Receivable]],\table[[Common],[stock]],+,\table[[Retained],[Earnings]]],[Balance,60,000vv,+,25,110vv,=,0,+,10,000vv,+,75,110vv,],[1.,0vv,+,0,=,0vv,+,0vv,+,0vv,],[2.,0vv,+,90,000vv,=,0vv,+,0vv,+,90,000vv,],[3.,15,000vv,+,0vv,=,0vv,+,0vv,+,15,000vv,],[4.,72,000vv,+,(72,000)vv,=,0vv,+,0vv,+,0,],[5.,(26,000)vv,+,0vv,=,0vv,+,0vv,+,(26,000)vv,],[6.,0vv,+,1,260x,=,0vv,+,(1,260),+,0,],[Balance,121,000,+,44,370,=,0,+,8,740,+,154,110,]] Issued $10,000 of...

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Accounting

Year 1:\table[[LEACH INCORPORATED],[Accounting Equation for Year 2],[Event,Assets,=,Liabilities,+,Equity,\table[[Account Titles for Retained],[Earnings]]],[Cash,+,\table[[NRV],[Accounts],[Receivable]],\table[[Common],[stock]],+,\table[[Retained],[Earnings]]],[Balance,60,000vv,+,25,110vv,=,0,+,10,000vv,+,75,110vv,],[1.,0vv,+,0,=,0vv,+,0vv,+,0vv,],[2.,0vv,+,90,000vv,=,0vv,+,0vv,+,90,000vv,],[3.,15,000vv,+,0vv,=,0vv,+,0vv,+,15,000vv,],[4.,72,000vv,+,(72,000)vv,=,0vv,+,0vv,+,0,],[5.,(26,000)vv,+,0vv,=,0vv,+,0vv,+,(26,000)vv,],[6.,0vv,+,1,260x,=,0vv,+,(1,260),+,0,],[Balance,121,000,+,44,370,=,0,+,8,740,+,154,110,]]
Issued $10,000 of common stock for cash.
Provided $70,000 of services on account.
Provided $27,000 of services and received cash.
Collected $43,000 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 7 percent of the ending accounts receivable balance will be uncollectible.
Year 2:
Wrote off an uncollectible account for $2,580.
Provided $90,000 of services on account.
Provided $15,000 of services and collected cash.
Collected $72,000 cash from accounts receivable.
Paid $26,000 of salaries expense for the year.
Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that 7 percent of the ending accounts receivable balance will be uncollectible.
Please help with the ones with a red X specifically event 6 in year 2 :)
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