B. Prepare an income statement, and balance sheet, and statement of cash flows for the year 1 accounting period?

C. Ignoring all the other future events, what is the amount of service revenue that would be recognized in year 2?

Help Yard Designs (YD) experienced the following events in Year 1, its first year of operation 1. On October 1, Year 1. YD collected $28,800 2. Adjusted the accounts to reflect the amount of consulting service revenue recognized in Year 1 for consulting services it agreed to provide curing the coming year Required Based on this information alone: a. Record the events under an accounting equation. (Do not round intermediate calculations. Enter any decreases to account balances with a minus sign.) YARD DESIGNS Accounting Equations for the Year 1 CashUnearned nue Equity Retained Earnings Event Adj