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1. Performed services for $19,500 cash. 2. Purchased $6,600 of supplies on account. 3. A physical count on December 31 , Year 1, found that

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1. Performed services for $19,500 cash. 2. Purchased $6,600 of supplies on account. 3. A physical count on December 31 , Year 1, found that there was $1,280 of supplies on hand. Required Based on this information alone: a. Record the events under an accounting equation. b. Prepare an income statement, balance sheet, and statement of cash flows for the Year 1 accounting period. c. What is the balance in the Supplies account as of January 1, Year 2? d. What is the batance in the Supplies Expense account as of January 1 , Year 2 ? Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Record the events under an accounting equation. (Not all cells require input. Enter any decreases to account minus sign.) Complete this question by entering your answers in the tabs below. Prepare an income statement for the Year 1 accounting period. Prepare a balance sheet for the Year 1 accounting period. YARD PROFESSIONALS INC. Balance Sheet As of December 31, Year 1 Assets Total assets Liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity 00 Prepare the statement of cash flows for the Year 1 accounting period. (Enter cash outflows with a minus sign.) Complete this question by entering your answers in the tabs below. What is the balance in the Supplies account as of January 1, Year 2 ? What is the balance in the of January 1, Year 2

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