Leach Inc. experienced the following events for the first two years of its operations:

Leach Inc. experienced the following events for the first two years of its operations:
2016:
1.     Issued $20,000 of common stock for cash.
2.     Provided $89,000 of services on account.
3.     Provided $46,000 of services and received cash.
4.     Collected $79,000 cash from accounts receivable.
5.    

Paid $48,000 of salaries expense for the year.
6.     Adjusted the accounting records to reflect uncollectible accounts expense for the year. Leach estimates that 6 percent of the ending accounts receivable balance will be uncollectible.
2017:
1.     Wrote off an uncollectible account for $750.
2.     Provided $98,000 of services on account.
3.     Provided $42,000 of services and collected cash.
4.     Collected $91,000 cash from accounts receivable.
5.     Paid $75,000 of salaries expense for the year.
6.     Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that 6 percent of the ending accounts receivable balance will be uncollectible.

Required:
a.   Record the 2016 events in general journal form and post them to T-accounts.
 



Explanation:

Uncollectible accounts expense: (Accounts Receivable balance $10,000 × 6% = $600)

c.     What is the net realizable value of the accounts receivable at December 31, 2016?
 
Thank you!