Question
1. Purchased 1150 of office supplies on account 2. Accepted 16100 odd February 1, 2014, as a retainer for services to be performed evenly over
1. Purchased 1150 of office supplies on account 2. Accepted 16100 odd February 1, 2014, as a retainer for services to be performed evenly over the next 12 months 3. Performed legal services for cah of 60500 4. Paid cash for salaries expense of 21900 5. Paid a cash dividend to the stockholders of 4500 6. Paid 1035 of the amount due on accounts payable 7. Determined that at the end I'd the accounting period 150 if office supplies remained on hand 8. On December 31st, 2014 recognized the revenue had been earned for services performed in accordance with transaction 2.
Show the effects I'd the events in the financial statements using a horizontal statements model.
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