aps Company is a new start up focusing on improving the mental health of its customers through meditation. The company nced the following events during its first year of operations, Year 1 : rmed services on account in the amount of $52,400 during Year 1 . cted $11,200 cash of the balance of accounts receivable during Year 1. rded $26,200 of accrued salaries at the end of the fiscal year. d: horizontal financial statements model to show how each event affects the balance sheet, income statement, and statement o flows. More specifically, record the amounts of the events into the model. The first transaction is shown as an example. amount of net income different from the net cash flow from operating activities during Year 1 ? plete this question by entering your answers in the tabs below. amount of net income different from the net cash flow from operating activities during Year 1 ? Exercise 2-4A (Static) Effect of collecting accounts receivable on the accounting equatio Holloway Company started operations on January 1, Year 1. During Year 1, Holloway earned $18,000 of service rev $14,000 cash from accounts receivable. Required: Based on this information alone, determine the following for Holloway Company. (Hint: Record the events in a hori statements model before satisfying the requirements.) Note: Enter any decreases to account balances with a minus sign. a. The balance of the accounts receivable that would be reported on the December 31 , Year 1 , balance sheet. Collected $11,200 cash of the balance of accounts receivable during Year 1 . Recorded $26,200 of accrued salaries at the end of the fiscal year. equired: Use a horizontal financial statements model to show how each event affects the balance sheet, income statement, and statement cash flows. More specifically, record the amounts of the events into the model. The first transaction is shown as an example. Is the amount of net income different from the net cash flow from operating activities during Year 1 ? Complete this question by entering your answers in the tabs below. Use a horizontal financial statements model to show how each event affects the balance sheet, income statement, and statement of cash fl he model. The first transaction is shown as an example. Vote: In the Cash Flow column, use OA to designate operating activity, IA for investment activity, FA for financing activity, and NC for net cash outflows with a minus sign. Not all cells require an input - leave cells blank if there is no corresponding input needed. Brief Exercise 2-7 (Static) The fraud triangle LO 2-7 Required: Which of the following is not an element of the fraud triangle? 2. Collected $11,200 cash of the balance of accounts receivable during Year 1 . 3. Recorded $26,200 of accrued salaries at the end of the fiscal year. Required: a. Use a horizontal financial statements model to show how each event affects the balance sheet, income statement, and state cash flows. More specifically, record the amounts of the events into the model. The first transaction is shown as an example. b. Is the amount of net income different from the net cash flow from operating activities during Year 1 ? Complete this question by entering your answers in the tabs below. Use a horizontal financial statements model to show how each event affects the balance sheet, income statement, and statement of the model. The first transaction is shown as an example. Note: In the Cash Flow column, use OA to designate operating activity, IA for investment activity, FA for financing activity, and NC for cash outflows with a minus sign. Not all cells require an input - leave cells blank if there is no corresponding input needed. aps Company is a new start up focusing on improving the mental health of its customers through meditation. The company nced the following events during its first year of operations, Year 1 : rmed services on account in the amount of $52,400 during Year 1 . cted $11,200 cash of the balance of accounts receivable during Year 1. rded $26,200 of accrued salaries at the end of the fiscal year. d: horizontal financial statements model to show how each event affects the balance sheet, income statement, and statement o flows. More specifically, record the amounts of the events into the model. The first transaction is shown as an example. amount of net income different from the net cash flow from operating activities during Year 1 ? plete this question by entering your answers in the tabs below. amount of net income different from the net cash flow from operating activities during Year 1 ? Exercise 2-4A (Static) Effect of collecting accounts receivable on the accounting equatio Holloway Company started operations on January 1, Year 1. During Year 1, Holloway earned $18,000 of service rev $14,000 cash from accounts receivable. Required: Based on this information alone, determine the following for Holloway Company. (Hint: Record the events in a hori statements model before satisfying the requirements.) Note: Enter any decreases to account balances with a minus sign. a. The balance of the accounts receivable that would be reported on the December 31 , Year 1 , balance sheet. Collected $11,200 cash of the balance of accounts receivable during Year 1 . Recorded $26,200 of accrued salaries at the end of the fiscal year. equired: Use a horizontal financial statements model to show how each event affects the balance sheet, income statement, and statement cash flows. More specifically, record the amounts of the events into the model. The first transaction is shown as an example. Is the amount of net income different from the net cash flow from operating activities during Year 1 ? Complete this question by entering your answers in the tabs below. Use a horizontal financial statements model to show how each event affects the balance sheet, income statement, and statement of cash fl he model. The first transaction is shown as an example. Vote: In the Cash Flow column, use OA to designate operating activity, IA for investment activity, FA for financing activity, and NC for net cash outflows with a minus sign. Not all cells require an input - leave cells blank if there is no corresponding input needed. Brief Exercise 2-7 (Static) The fraud triangle LO 2-7 Required: Which of the following is not an element of the fraud triangle? 2. Collected $11,200 cash of the balance of accounts receivable during Year 1 . 3. Recorded $26,200 of accrued salaries at the end of the fiscal year. Required: a. Use a horizontal financial statements model to show how each event affects the balance sheet, income statement, and state cash flows. More specifically, record the amounts of the events into the model. The first transaction is shown as an example. b. Is the amount of net income different from the net cash flow from operating activities during Year 1 ? Complete this question by entering your answers in the tabs below. Use a horizontal financial statements model to show how each event affects the balance sheet, income statement, and statement of the model. The first transaction is shown as an example. Note: In the Cash Flow column, use OA to designate operating activity, IA for investment activity, FA for financing activity, and NC for cash outflows with a minus sign. Not all cells require an input - leave cells blank if there is no corresponding input needed