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

2016:
1. Issued $18,000 of common stock for cash.
2. Provided $86,800 of services on account.
3. Provided $44,000 of services and received cash.
4. Collected $77,000 cash from accounts receivable.
5. Paid $46,000 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 $96,000 of services on account.
3. Provided $40,000 of services and collected cash.
4. Collected $89,000 cash from accounts receivable.
5. Paid $73,000 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 2016 events in the general journal form and post them to T-accounts.
(b) Repeat part (a) for 2017.

See attachment (a) 2016

                         (b) 2017-1 and 2017 -2

Explanation 2017 (1) the 2016 estimate of $576 uncollectible  will be deducted from the 2017 actual of $750 to make a $174 written off

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.