1)

During 2018, the following events occurred for Parker Company

1. Parker receives $39,600 cash in advance from Westberry Company for consulting services to be performed over a one-year period beginning April 1, 2018.
2. Provided $52,400 of consulting services on account.
3. Collected $14,700 cash from customers in partial settlement of its accounts receivable.
4. Parker recognizes the portion of the unearned revenue it earned during the accounting period.

After recording all these transactions, Parkers total revenue will be $______

2)

During 2018, the following events occurred for Parker Company

1. Parker receives $18,000 cash in advance from Westberry Company for consulting services to be performed over a one-year period beginning March 1, 2018.
2. Provided $58,500 of consulting services on account.
3. Collected $19,400 cash from customers in partial settlement of its accounts receivable.
4. Parker recognizes the portion of the deferred revenue it earned during the accounting period.

After recording all these transactions, Parkers balance in Accounts Receivable will be $______

3)

Karev Company started Year 2 with a $400 balance in its Cash account, a $600 balance in its Supplies account and a $1,000 balance in its common stock account. During Year 2 the company experienced the following events.

(1) Paid $237 cash to purchase supplies

(2) Physical count revealed $262 of supplies on hand at the end of Year 2

Based on this information the amount of supplies expense reported on the Year 2 income statement is $_______________

4)

During 2018, the following events occurred for Clouseau Consultants

1. Clouseau provided $46,939 of consulting services to its clients but no cash has been collected.
2. Clouseau collected $27,985 cash from customers in partial settlement of its accounts receivable.
3. Clouseau paid the instructor $14,447 cash for teaching training courses (salary expense).
4. Clouseau paid $4,800 for supplies. Half of the supplies were used in 2018.
5. Clouseau paid $3,331 in dividends.

After recording all these transactions, Clouseaus net income will be $_________

5)

On May 1 of Year 1 Mills Enterprises paid $3,780 cash for an insurance policy that would provide protection for a one year term. The companys fiscal closing date is December 31. Based on this information, the amount of prepaid insurance appearing on the Year 1 Balance Sheet would be $___________