7. E Module 4 Homework ach of the (1.) Usina t owner' accounting events shown below took place during the year for Maid Brigade Cleaning Inc. event on the assets, liabilities and owner's table below, specify the $ amount effect of each s equity line item that would be influenced e firm. Use + for increases or for decreases. Write in the specific asset, liability . Some events may not be accounting events he the total assets, liabilities, and owner's equity that would appear on the Balance Sheet at the end of the period. (3.) Determine the net income that would appear on the Income Statement for the perlod. Retained Earnings Capital Event Assets Liabilities Revenue (Expense) (Dividend) Stock Totals a. Carol, the sole stockholder, puts $10,000 cash, plus a desk worth $800 into the business taking back stock for the total b. Made an $1,800 purchase of cleaning supplies for use in the business. c. Signed a contract to perform cleaning services for Accent Company for a total of $4,000. d. Hired two cleaning associates to be paid $10 per hour e. Placed an ad in the local paper paying cash $40. f. Borrowed $6,000 cash from the Last State Bank. g. Performed one half of the cleaning services for Accent in c. above, sent them a bill. h. The cleaning associates work 60 total hours in performing the cleaning services in g. above. They will be paid in two weeks. i. Signed a contract with a painting firm to come in and repaint the office, cost to be $2,600. j. Painters come in and complete all the painting of the office, sending Carol a bill. k. Decided to pay the bill from the painters. l. Payday! Paid the associates. m. An n. Received payment from Accent in g. above. inspection reveals that we have used $1,200 of the supplies purchased in b. above. Performed cleaning services for Acco Equipment Co, paid in cash, $1,240. Performed cleaning services for Hilton Gardner Consulting Group, $3,000, billed them. p. q. Carol was paid $150 as a dividend. Module Homework 4-3