Chapter 4 Completing the Accounting Cycle 217 8. Net Income 566.130 PR 4-SA Complete accounting cycle OB14,3 For the past several years, Samantha Hogan has operated a part-time consulting business from her home. As of July 1, 2019, Samantha decided to move to rented quarters and to operate the business which was to be known as Arborvine Consulting on a full-time basis Arbevite Consulting entered into the following tractions during July July 1. The following it were received from Samantha Hogan cash, $25,700, as receivable, 50,200, ripplies $5.00 and office equipment, 512,100. There were no liabilities exced - Record the entry for the follwing ! - ot). Recievede cash from clients as an advance payment for Services to pa bo provided and recorded as unearned tees, $10,800. 02) Purchased additional Office Equipment on account from office Necessities.com 6,906. as) Paid cash for a Newspaper adrealisment, #680. a) paid office Necessaties Co. for part of the Debt incurred on Julys, $4,100 Provide service on Account for the panid July 1-12, 19,200. 06) Pjovice Service on a Account for the perio Jully 13-20, H 12,200 (7) Recieved cash from Cash clients for fers earn- for the period July 17-24, 174500 (6 entries in Total)