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can you please help me solve this?? Thank you! Waddell Company had the following balances in its accounting records as of December 31, Year 1:

can you please help me solve this?? Thank you!

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Waddell Company had the following balances in its accounting records as of December 31, Year 1: Assets Cash $ 47,000 Liabilities and Equity Accounts Payable Common Stock $ 23,000 Accounts Receivable 47,000 93,800 Land 34,000 Retained Earnings 12,000 Totals $128,000 $128,000 The following accounting events apply to Waddell Company's Year 2 fiscal year: Jan. 1 Acquired $52,888 cash from the issue of common stock. Feb. 1 Paid $5,488 cash in advance for a one-year lease for office space. 1 Paid a a $2,888 cash dividend to the stockholders. Mar. 1 April 1 Purchased additional land that cost $34,000 cash. May 1 Hade a cash payment on accounts payable of $15,000. July 1 Sept. 1 Oct. 1 Received $8,400 cash in advance as a retainer for services to be performed monthly over the coming year. Sold land for $23,000 cash that had originally cost $23,000. Purchased $1,850 of supplies on on account. 1 Dec. 31 Earned $56,88e of service revenue on account during the year. 31 Received cash collections from accounts receivable amounting to $55,000. 31 Incurred other operating expenses on account during the year that amounted to $14,800. 31 Recognized accrued salaries expense of $5,200. 31 Had $148 of supplies on hand at the end of the period. 31 The land purchased on April 1 had a market value of $36,800. 31 Recognized $128 of accrued interest revenue. Required Show the effects of the events on the financial statements using the following horizontal statements model. All questions pertain to the Year 2 financial statements. s. What two additional adjusting entries need to be made at the end of the year? b. What amount would Weddell report for land on the balance sheet? c. What amount of net cash flow from operating activities would be reported on the statement of cash flows? d. What amount of rent expense would be reported on the income statement? e. What amount of total liabilities would be reported on the balance sheet? . What amount of supplies expense would be reported on the Income statement? g. What amount of unearned revenue would be reported on the balance sheet? h. What amount of net cash flow from investing activities would be reported on the statement of cash flows? LWhat amount of total expenses would be reported on the income statement? J. What total amount of service revenue would be reported on the Income statement? k. What amount of cash flows from financing activities would be reported on the statement of cash flows? LWhat amount of net income would be reported on the income statement? m. What amount of retained earnings would be reported on the balance sheet? Complete this question by entering your answers in the tabs below. Reg A Equation Reg 8 to M Show the effects of the events on the financial statements using the following horizontal statements model. All questions pertain to the Year 2 financial statements. (Do not round intermediate calculations. Enter any decreases to account balances with a minus sign. Not all cells require input.) WADDELL COMPANY Accounting Equation Assets Date Accounts Liabilities Balaries Payable Cach Stookholders' Equity Common Book Prepaid Rent Accounts Payable Supplies Land Unearned Revenue Receivable +7 Retained Earnings 1 7.5 points Skipped allook Preve References Assets Cash $ 47,000 Liabilities and Equity Accounts Payable Common Stock Accounts Receivable $ 23,000 Land 47,000 34,000 Retained Earnings 93,000 12,000 Totals $128,000 $128,000 The following accounting events apply to Waddell Company's Year 2 fiscal year: Jan. 1 Acquired $52, eee cash from the issue of common stock. Feb. 1 Mar. 1 April 1 Paid $5,400 cash in advance for a one-year lease for office space. Paid a $2,800 cash dividend to the stockholders. Purchased additional land that cost $34,000 cash. May Made a cash payment on accounts payable of $15,000. Received $8,400 cash in advance 1 July 1 Sept. 1- Sold land for $23,000 cash that Oct. 1 Purchased $1,ese of supplies on account. as a retainer for services to be performed monthly over the coming year. had originally cost $23,000. Dec. 31 Earned $56,000 of service revenue on account during the year.. 31 Received cash collections from accounts receivable amounting to $55,000. 31 Incurred other operating expenses on account during the year that amounted to $14,000. 31 Recognized accrued salaries expense of $5,200. 31 Had $140 of supplies on hand at the end of the period. 31 The land purchased on April 1 had a market value of 536,000. 31 Recognized $120 of accrued interest revenue. Required Show the effects of the events on the financial statements using the following horizontal statements model: All questions pertain to the Year 2 financial statements. a. What two additional adjusting entries need to be made at the end of the year? b. What amount would Waddell report for land on the balance sheet? c. What amount of net cash flow from operating activities would be reported on the statement of cash flows? d. What amount of rent expense would be reported on the income statement? e. What amount of total liabilities would be reported on the balance sheet? Check m Waddell Company had the following balances in its accounting records as of December 31, Year 1: Assets Cash $ 47,000 Liabilities and Equity Accounts Payable Common Stock $ 23,000 Accounts Receivable 47,000 93,800 Land 34,000 Retained Earnings 12,000 Totals $128,000 $128,000 The following accounting events apply to Waddell Company's Year 2 fiscal year: Jan. 1 Acquired $52,888 cash from the issue of common stock. Feb. 1 Paid $5,488 cash in advance for a one-year lease for office space. 1 Paid a a $2,888 cash dividend to the stockholders. Mar. 1 April 1 Purchased additional land that cost $34,000 cash. May 1 Hade a cash payment on accounts payable of $15,000. July 1 Sept. 1 Oct. 1 Received $8,400 cash in advance as a retainer for services to be performed monthly over the coming year. Sold land for $23,000 cash that had originally cost $23,000. Purchased $1,850 of supplies on on account. 1 Dec. 31 Earned $56,88e of service revenue on account during the year. 31 Received cash collections from accounts receivable amounting to $55,000. 31 Incurred other operating expenses on account during the year that amounted to $14,800. 31 Recognized accrued salaries expense of $5,200. 31 Had $148 of supplies on hand at the end of the period. 31 The land purchased on April 1 had a market value of $36,800. 31 Recognized $128 of accrued interest revenue. Required Show the effects of the events on the financial statements using the following horizontal statements model. All questions pertain to the Year 2 financial statements. s. What two additional adjusting entries need to be made at the end of the year? b. What amount would Weddell report for land on the balance sheet? c. What amount of net cash flow from operating activities would be reported on the statement of cash flows? d. What amount of rent expense would be reported on the income statement? e. What amount of total liabilities would be reported on the balance sheet? . What amount of supplies expense would be reported on the Income statement? g. What amount of unearned revenue would be reported on the balance sheet? h. What amount of net cash flow from investing activities would be reported on the statement of cash flows? LWhat amount of total expenses would be reported on the income statement? J. What total amount of service revenue would be reported on the Income statement? k. What amount of cash flows from financing activities would be reported on the statement of cash flows? LWhat amount of net income would be reported on the income statement? m. What amount of retained earnings would be reported on the balance sheet? Complete this question by entering your answers in the tabs below. Reg A Equation Reg 8 to M Show the effects of the events on the financial statements using the following horizontal statements model. All questions pertain to the Year 2 financial statements. (Do not round intermediate calculations. Enter any decreases to account balances with a minus sign. Not all cells require input.) WADDELL COMPANY Accounting Equation Assets Date Accounts Liabilities Balaries Payable Cach Stookholders' Equity Common Book Prepaid Rent Accounts Payable Supplies Land Unearned Revenue Receivable +7 Retained Earnings 1 7.5 points Skipped allook Preve References Assets Cash $ 47,000 Liabilities and Equity Accounts Payable Common Stock Accounts Receivable $ 23,000 Land 47,000 34,000 Retained Earnings 93,000 12,000 Totals $128,000 $128,000 The following accounting events apply to Waddell Company's Year 2 fiscal year: Jan. 1 Acquired $52, eee cash from the issue of common stock. Feb. 1 Mar. 1 April 1 Paid $5,400 cash in advance for a one-year lease for office space. Paid a $2,800 cash dividend to the stockholders. Purchased additional land that cost $34,000 cash. May Made a cash payment on accounts payable of $15,000. Received $8,400 cash in advance 1 July 1 Sept. 1- Sold land for $23,000 cash that Oct. 1 Purchased $1,ese of supplies on account. as a retainer for services to be performed monthly over the coming year. had originally cost $23,000. Dec. 31 Earned $56,000 of service revenue on account during the year.. 31 Received cash collections from accounts receivable amounting to $55,000. 31 Incurred other operating expenses on account during the year that amounted to $14,000. 31 Recognized accrued salaries expense of $5,200. 31 Had $140 of supplies on hand at the end of the period. 31 The land purchased on April 1 had a market value of 536,000. 31 Recognized $120 of accrued interest revenue. Required Show the effects of the events on the financial statements using the following horizontal statements model: All questions pertain to the Year 2 financial statements. a. What two additional adjusting entries need to be made at the end of the year? b. What amount would Waddell report for land on the balance sheet? c. What amount of net cash flow from operating activities would be reported on the statement of cash flows? d. What amount of rent expense would be reported on the income statement? e. What amount of total liabilities would be reported on the balance sheet? Check m

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