20 Check my work Information for Year 2 Adjusting Entries 11. The advance payment for rental of the office space (see Event 3) was made on March 1 for a one-year term. 12. The cash advance for services to be provided in the future was collected on October 1(see Event 5). The one-year contract started on October 1 13. Had $300 of supplies remaining on hand at the end of the period. 14. Recognized accrued salaries of $4,800 at the end of the accounting period, 15. Recognized $500 of accrued interest revenue uired tity each event affecting the Yeart and Year 2 accounting periods as asset source (AS), asset use (AU), asset exchange (AE), or s exchange (CE). Record the effects of each event under the appropriate general ledger account headings of the accounting ation complete this question by entering your answers in the tabs below. Equation Arts Equation Year Year 2 antify each event affecting the Year 1 accounting periods as asset source (AS), asset use (AU), asset exchange (AE), or claims exchange (CE). Record the effects of eac Her the appropriate general ledger account headings of the accounting equation (Do not round rotermediate calculations Enter any decreases to account balances with ALCORN SERVICE COMPANY Accounting Equation for Year 1 Assets Type of Event Accounts Receivable Cash Liabilities Salaries Payable Prepaid Rent Supplies Stockholders' Equity Common Retained Stock Earings Accounts Payable Land Unearned Revenue Required information Acte Equation Accto Equation Year 1 Year 2 Identity each event affecting the Year 1 accounting periods as asset source (AS), asset use (AU), asset exchange (AE), or claims exchange (CE). Record the effects of under the appropriate general ledger account headings of the accounting equation. (Do not round Intermediate calculations. Enter any decreases to account balances wie Mign.) ALCORN SERVICE COMPANY Accounting Equation for Your Type Assets Liabilities Stockholders' Equity Event Cath Accounts Prepaid Land Accounts Salaries Uneamed Common Retained Payable Payable Revenue Earnings of Event Recall Supplies Rent Stock . 1 2 3 4 5 8 7 Total 0 0 0 0 Acety Equation Year 2 >