1. Acquired $10,000 cash from the issue of common stock. 2. Provided $15,000 of services on account. 3. Provided services for $5,000 cash. 4. Received $2,800 cash in advance for services to be performed in the future. 5. Collected $12,200 cash from the account receivable created in Event 2. 6. Paid $1,900 for cash expenses. 7. Performed $1,400 of the services agreed to in Event 4. 8. Incurred $3,600 of expenses on account. 9. Paid $4,800 cash in advance for one-year contract to rent office space. 0. Paid $2,800 cash on the account payable created in Event 8. 11. Paid a $1,500 cash dividend to the stockholders. 2. Recognized rent expense for nine months' use of office space acquired in Event 9. Required Show the effects of the events on the financial statements using the following horizontal statements model. In the Cash Flows column, use the letters OA to designate operating activity, IA for investing activity, FA for financing activity, and NC for net change in cash. If an account is not affected by the event, leave the cell blank. The first event is recorded as an example. (Do not round intermediate calculations. Enter any decreases to account balances and cash outflows with a minus sign. Not every cell will require entry.) Answer is not complete. SUPER CLEANING COMPANY Effect of Events on the Financial Statements Event No. Cash Assets Accounts Liabilities Stockholders' Equity Income Statement Receivable Prepaid Rent = Accounts Payable Unearned Revenue + Common Stock Retained Revenue Earnings Expenses = Net Income Statement of Cash Flows 1. 10,000 + + + + 10,000 + 10,000 FA 2. 15,000 + = + + + 15,000 3. 5,000 + + + + + 5,000 15,000 5,000 = 15,000 5,000 5,000 OA 4. 2,800 + + |= + 2,800 + + = 5. 12,200 + (12,200) + + + - 2,800 12,200 OA OA 6. (1,900) + + = + + + (1,900) | 1,900 |= 7. + + + (1,400) + + 1,400 1,400 (1,900) 1,400 (1,900) OA 8. + + = 3,600 + + + (3,600) | 3,600 |= (3,600) 9. (4,800) + + 4,800 + + + - (4,800) OA 10. (2,800) + + = (2,800) + + + = (2,800) OA 11. (1,500) + + + + (1,500) = (1,500) FA 12. + (3,600) = + + (3,600) 3,600 = Bal. 19,000 2,800 + 1,200 = 800 1,400 + 10,000 + 10,800 21,400 9,100 = (3,600) 12,300 19,000