Cash $ $8,900$

Accounts Receivable $1,500$

Supplies $65$

Prepaid Rent $800$

Land $4,000$

Accounts Payable $1,050$

Unearned Revenue $200$

Salaries Payable $1,200$

Notes Payable $2,000$

Common Stock $8,000$

Retained Earnings $2,815$

$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

During Year $3,$ Pacilio Security Services experienced the following transactions:

$1.$ Paid the salaries payable from Year $2.$

$2.$ Paid the balance of $$2,000$ on the debt owed to the Small Business Government Agency. The loan is interest$-$free.

$3.$ Performed $$32,000$ of security services for numerous local events during the year; $$21,000$ was on account and $$11,000$ was for cash.

$4.$ On May $1,$ paid $$3,000$ for $12$ months$$ rent in advance.

$5.$ Purchased supplies on account for $$700.$

$6.$ Paid salaries expense for the year of $$9,000.$

$7.$ Incurred other operating expenses on account, $$4,200.$

$8.$ On October $1,$ Year $3,$ a customer paid $$1,200$ for services to be provided over the next $12$ months.

$9.$ Collected $$19,000$ of accounts receivable during the year.

$10.$ Paid $$5,950$ on accounts payable.

$11.$ Paid $$1,800$ of advertising expenses for the year.

$12.$ Paid a cash dividend to the shareholders of $$4,650.$

$13.$ The market value of the land was determined to be $$5,500$ at December $31,$ Year $3.$

Adjustments

$14.$ There was $$120$ of supplies on hand at the end of the year.

$15.$ Recognized the expired rent.

$16.$ Recognized the earned revenue from Year $2$ and transaction no$.8.$

$17.$ Accrued salaries were $$1,000$ at December $31,$ Year $3.$