Cash Accounts Receivable Supplies $12,500 3,500 120 Coed Dok 1 ences Prepaid Rent Land Unearned Revenue. Salaries Payable Common Stock Retained Earnings 1,000 4,000 900 1,000 8,000 11,220 In Year 4, Pacilio Security Services decided to expand its business to sell security systems and offer 24-hour alarm monitoring services. It plans to phase out its current service of providing security personnel at various events. The following summary transactions occurred during Year 4: 1. Paid the salaries payable from Year 3. 2. Acquired an additional $42,000 cash from the issue of common stock. 3. Rented a larger building on May 1; paid $6,000 for 12 months' rent in advance. 4. Paid $800 cash for supplies to be used over the next several months by the business. 5. Purchased alarm systems for resale at a cost of $12,000. The alarm systems were purchased on account with the terms 2/10, n/30, 6. Returned alarm systems that had a cost of $240. 7. Installed alarm systems during the year for a total sales amount of $20,000. Sales of $15,000 were on account, while $5,000 were cash sales. 8. The cost of the systems sold in Event 7 amounted to $9,440. 9. Paid the installers and other employees a total of $9,500 in salaries. 10. Sold $36,000 of monitoring services for the year. The services are billed to the customers each month. 11. Paid cash on accounts payable. The payment was made before the discount period expired. At the time of purchase, the inventory had a cost of $8,000. 12. Paid cash to settle additional accounts payable. The payment was made after the discount period expired. At the time of purchase. the inventory had a cost of $2,780. 13. Collected $43,000 of accounts receivable during the year. 14. Performed $12,000 of security services for area everts: $9,000 was on account and $3,000 was for cash. 15. Paid advertising cost of $1,620 for the year. 16. Paid $1,100 for utilities expense for the year. 17. Paid a dividend of $12,000 to the shareholders. Adjustments 18. Supplies of $150 were on hand at the end of the year. 19. Recognized the expired rent for the year. 20. Recognized the balance of the unearned revenue; cash was received in Year 3. 21. Accrued salaries at December 31, Year 4, were $1,500. Changes in eBook Print References Journal entry worksheet 1 2 3 4 5 6 7 8 24 > Paid the salaries payable from Year 3. Note: Enter debits before credits Date January 02 General Journal Debit Credit Record entry Clear entry View general Journal < Requirement General Ledger > Requirement General Journal General Ledger Trial Balance Income Statement Changes in Balance Stockholders Equity Sheet Statement of Cash Flow Analysis Each journal entry is posted automatically to the general ledger. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Unadjusted General Ledger Account Cash No. Date January 01 Debit Credit Balance No. 12,500 Date January 011 Accounts receivable Debit Credit Balance 3,500 Supplies Prepaid rent No. Date Debit Credit Balance No. Date Debit Credit Balance January 01 120 January 011 1,000 Land No. Date Debit Credit Balance No. January 01 Unearned revenue 4,000 Date January 011 Salaries payable Debit Credit Balance 1,000 Common stock No. Date Debit Credit Balance No. Date Debit Credit Balance January 01 900 January 01 8,000 Retained earnings No. Date Debit Credit Balance. January 01 11,220 Requirement General Journal General Ledger Trial Balance Income Statement Changes in Stockholders Equity Balance Sheet Statement of Cash Flow Analysis The ending balance values from the General Ledger tab flows through to the Trial Balance below. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Year 2018 represents Year 4 from the problem statement. Unadjusted 33333 Cash Accounts receivable Supplies Prepaid rent Land Salaries payable Unearned revenue Common stock Retained earnings Total Pacilio Security Services, Incorporated Trial Balance December 31, 2023 Account Title Debit Credit $ 12,500 3,500 120 1,000 4,000 1,000 900 $8,000 11,220 21,120 $ 21,120 General Ledger Income Statement > 21. Requirement General Journal General Ledger Trial Balance Income Statement Changes in Stockholders Equity Balance Sheet Statement of Cash Flow Analysis Choose the appropriate accounts to be reported on the income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Unadjusted Revenues Total Revenues Expenses Total Expenses Pacilio Security Services, Incorporated Income Statement For the Year Ended December 31, Year 4 0 Requirement General Journal General Ledger Trial Balance Income Statement Changes in Stockholders Equity Balance Sheet Statement of Cash Flow Analysis Prepare the statement of changes in stockholders' equity for the year ended December 31, Year 4. You will need to determine and enter the accounts and balances to prepare the Statement of Changes in Stockholders' Equity. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Unadjusted Pacilio Security Services, Incorporated Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 4 Beginning Common Stock Ending Common Stock Beginning Retained Earnings Ending Retained Earnings Total Stockholders' Equity 4 11,220 $ 11,220 Unadjusted Pacilio Security Services, Incorporated Balance Sheet At December 31, Year 4 Assets Liabilities Stockholders' Equity 0 < Changes in Stockholders Equity Statement of C Prepare the statement of cash flow for year ended December 31, Year 4. Note: Amounts to be deducted should be indicated with a mius sign. Pacilio Security Services, Incorporated Statement of Cash Flows For the Year Ended December 31, Year 4 Cash flows from operating activities: Net cash flow from operating activities Cash flows from investing activities: $ 0 Net cash flow from investing activities Cash flows from financing activities: Net cash flow from financing activities Ending cash balance < Balance Sheet $ Analysis > Indicate whether the transaction increases (+), decreases (-), or increases and decreases (+/-) for each element of the the Cash Flow column, use the letters OA to designate operating activity, IA for investing activity, FA for financing activi recorded as an example. Pacilio Security Services, Incorporated Effect of Transactions on Financial Statements - Year 4 Balance Sheet Income Statement Transaction Assets Liabilities Stockholders' Equity Revenue Expenses Net Income Statement of Cash Flows OA 1. 2. 3. + 4. 5. 6. 7a. 7b. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. < Statement of Cash Flow Analysis