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Year $2$

Wrote off an uncollectible account for $$650.$

Provided $$88,000$ of services on account.

Provided $$32,000$ of services and collected cash.

Collected $$81,000$ cash from accounts receivable.

Paid $$65,000$ of salaries expense for the year.

Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that $5p$ ending accounts receivable balance will be uncollectible.

Closed the revenue account.

Closed the expense accounts.

d$.$ Record the Year $2$ events in general journal form and post them to T$-$accounts. Prepare the income statement, in stockholders' equity, balance sheet, and statement of cash flows for Year $2.$ What is the net realizable value of receivable at December $31,$ Year $2?$

Complete this question by entering your answers in the tabs below.

$\backslash$table$[[$Req D$1,$Req D$2,$Req D$3,$Req D$4,$Req D$5,$ReqTD$6,$Req D$7]]$

Prepare the statement of cash flows for Year $2.($Enter cash outflows with a minus sign.$)$

$\backslash$table$[[$LEACH INCORPORATED$],[$Statement of Cash Flows$],[$For the Year Ended December $31,$ Year $2],[$Cash flow from operating activities$],[$z$,,],[7],[-,,],[$Net cash flow from operating activities,$$,0],[$Cash flows from investing activities$],[$Cash flows from financing activities$],[$Net change in cash,,$0],[$Ending cash balance,$s,0]]$

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