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Acquired $ 1 6 , 5 0 0 cash from the issue of common stock. Provided $ 1 4 , 5 0 0 of services
Acquired $ cash from the issue of common stock.
Provided $ of services on account.
Provided services for $ cash.
Received $ cash in advance for services to be performed in the future.
Collected $ cash from the account receivable created in Event
Paid $ for cash expenses.
Performed $ of the services agreed to in Event
Incurred $ of expenses on account.
Paid $ cash in advance for oneyear contract to rent office space.
Paid $ cash on the account payable created in Event
Paid a $ cash dividend to the stockholders.
Recognized rent expense for nine months' use of office space acquired in Event
Required:
Show the effects of the events on the financial statements using a horizontal statements model like the following one. In the Statement of Cash Flows column, use the letters OA to designate operating activity, IA for investing activity, FA for financing activity, and NC for net change in cash. The first event is recorded as an example.
Note: Do not round intermediate calculations. Enter any decreases to account balances and cash outflows with a minus sign. Not all cells require input.
tabletableEventNumbertableSUPER CLEANING COMPANYEffect of Events on the Financial StatementsBalance Sheet,Income StatementAssetstable
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