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Cash $ 8 , 9 0 0 Accounts Receivable 1 , 5 0 0 Supplies 6 5 Prepaid Rent 8 0 0 Land 4 ,
Cash $
Accounts Receivable
Supplies
Prepaid Rent
Land
Accounts Payable
Unearned Revenue
Salaries Payable
Notes Payable
Common Stock
Retained Earnings
During Year Pacilio Security Services experienced the following transactions:
Paid the salaries payable from Year
Paid the balance of $ on the debt owed to the Small Business Government Agency. The loan is interestfree.
Performed $ of security services for numerous local events during the year; $ was on account and $ was for cash.
On May paid $ for months rent in advance.
Purchased supplies on account for $
Paid salaries expense for the year of $
Incurred other operating expenses on account, $
On October Year a customer paid $ for services to be provided over the next months.
Collected $ of accounts receivable during the year.
Paid $ on accounts payable.
Paid $ of advertising expenses for the year.
Paid a cash dividend to the shareholders of $
The market value of the land was determined to be $ at December Year
Adjustments
There was $ of supplies on hand at the end of the year.
Recognized the expired rent.
Recognized the earned revenue from Year and transaction no
Accrued salaries were $ at December Year
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