100% T w Zoom Insert Table Chart Text Shape Media Comment Sheet1 Collaborate 8 Each of the following independent events requires a year-end adjusting entry Show how each event and its related adjusting entry affect the accounting equation Assume a December 31 closing date. The first event is shown as acuample 250 251 Paid 53,700 cash in advance on April 1 for a one-year Insurance policy Received $14,850 cash advance for a contract to provide services in the future The contract required a one-year commitment, starting September 1. Purchased $2.250 of supplies on account At year's end, 5230 of supplies remained on hand Paid 55,700 cash in advance on March for a one year lease on one spec Event Action Other Assets Common Cang Compan 1. Acoured $15.00 cash from the issue of com 2. Provided $13.400 of services on account 2. Performed 51.400 of the services agreed to invent 4 11. Pald 51.900 Canh dividend to the others 12. Recognized rent expense for nine months of office space acquired in in the Cash Flows columne the letters to d ate operating cry Uue for Financing Av 100% T w Zoom Insert Table Chart Text Shape Media Comment Sheet1 Collaborate 8 Each of the following independent events requires a year-end adjusting entry Show how each event and its related adjusting entry affect the accounting equation Assume a December 31 closing date. The first event is shown as acuample 250 251 Paid 53,700 cash in advance on April 1 for a one-year Insurance policy Received $14,850 cash advance for a contract to provide services in the future The contract required a one-year commitment, starting September 1. Purchased $2.250 of supplies on account At year's end, 5230 of supplies remained on hand Paid 55,700 cash in advance on March for a one year lease on one spec Event Action Other Assets Common Cang Compan 1. Acoured $15.00 cash from the issue of com 2. Provided $13.400 of services on account 2. Performed 51.400 of the services agreed to invent 4 11. Pald 51.900 Canh dividend to the others 12. Recognized rent expense for nine months of office space acquired in in the Cash Flows columne the letters to d ate operating cry Uue for Financing Av