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1. Acquired $36,000 cash from the issue of common stock on January 1, Year 1. 2. Purchased $1,600 of supplies on account. 3. Paid $6,120

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1. Acquired $36,000 cash from the issue of common stock on January 1, Year 1. 2. Purchased $1,600 of supplies on account. 3. Paid $6,120 cash in advance for a one-year lease on office space. 4. Earned $44,350 of revenue on account. 5. Incurred $14,900 of other operating expenses on account. 6. Collected $32,000 cash from accounts receivable. 7. Paid $9,800 cash on accounts payable. 8. Paid a $4,600 cash dividend to the stockholders. Information for Adjusting Entries 9. There was $310 of supplies on hand at the end of the accounting period. 10. The lease on the office space covered a one-year period beginning November 1 11. There was $5,200 of accrued salaries at the end of the period. Required a. Record these transactions in general journal form. b. Post the transaction data from the journal to ledger T-accounts. c. Prepare a trial balance. d-1. Prepare an income statement. d-2. Prepare a statement of changes in stockholders' equity. d-3. Prepare a balance sheet. d.4. Prepare a statement of cash flows. Prepare an income statement

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