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1. Acquired $16,50o cash trom the issue ot common stock. 2. Provided $14,500 of services on account. 3. Provided services for $5,500 cash. 4. Received
1. Acquired $16,50o cash trom the issue ot common stock. 2. Provided $14,500 of services on account. 3. Provided services for $5,500 cash. 4. Received $3,900 cash in advance for services to be performed in the future 5. Collected $10,500 cash from the account receivable created in Event 2 6. Paid $6,500 for cash expenses. 7. Performed $1,950 of the services agreed to in Event 4 8. Incurred $3,000 of expenses on account. 9. Paid $1,850 cash in advance for one-year contract to rent office space 10. Paid $2,650 cash on the account payable created in Event 8 11. Paid a $3,000 cash dividend to the stockholders. 12. 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 a horizontal statements model like the following one. 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. Use NA to indicate accounts not affected by the event. The first event is recorded as an example. ((Do not round intermediate calculations and round your final answer to nearest whole dollar.) Enter any decreases to account balances and cash outflows with a minus sign.) SUPER CLEANING COMPANY Effect of Events on the Financial Statements Assets Accounts Receivable Liabilities Stockholders' Equity Income Statement Event No. Accounts able +Unearned Revenue Statement of Cash Flows Cash+ Prepaid Common +Retained RevenueExpenses Net Income 16,500 16,500+ 16,500 FA 2. 5. 7. 10. 12. Bal 16,500 16,500 16,500
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