Reference no: EM131294132
Bulldog Auto Service was started on January 1, 2014. The company experienced the following events during its first two years of operation:
Events Affecting 2014
1. Provided $29,480 of repair services on account.
2. Collected $23,584 cash from accounts receivable.
3. Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be 1 percent of the service revenue on account.
Events Affecting 2015
1. Wrote off a $221 account receivable that was determined to be uncollectible.
2. Provided $34,403 of repair services on account.
3. Collected $30,447 cash from accounts receivable.
4. Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be 1 percent of the service revenue on account.
Required
a. Organize the transaction data in accounts under an accounting equation for each 2014. (Round your answers to the nearest whole numbers. Enter any decreases to account balances with a minus sign. Select "NA" if there is no effect on the "Accounts Titles for Retained Earnings".)
b. Organize the transaction data in accounts under an accounting equation for each 2015
c. Determine the following amounts for the 2014 accounting period.
d. Determine the following amounts for the 2015 accounting period.
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