Cherokee Company began operations when it issued common stock for 595,000 cash. It paid $85,500 cash in advance for a one-year contract to lease delivery equipment for the business. It signed the lease agreement on March 1 Year 1 which was effective immediately. Cherokee received $109.250 of cash revenue in Year 1. Required 6. & b. Record the March 1 cash payment and adjustment required as of December 31 Yeart in general Journal format c. Show all events in a horizontal statements model d. & e. What amount of net income will Cherokee Company report on the Year income statement? What is the amount of net cash flow from operating activities for Year 1? Determine the amount of prepaid rent Cherokee Company would report on the December 31, Year 1 balance sheet Complete this question by entering your answers in the tabs below. Reg A and B Reg Roq D and E Record the March 1 cash payment and adjustment required as of December 31, Year 1 In general Journal format. (if no entry is required for a transaction/event, select "No journal entry required in the first account field. Do not round intermediate calculations.) View transaction list Journal entry worksheet Record rent paid in advance Note: Enter debits before credit Date Guneral Journal Debit Credit March 01 Record entry Clear entry View general Journal Reqc > Cherokee Company began operations when it iud common stock for 595.000 cash it paid $85 500 cash in advance for a one year contact to lease delivery equipment for the business. It signed the lease agreement on Morth Year 1 which was effective immediately Cherokee received 5109.250 of cash revenue in Yeart Required a. & b. Record the March 1cash payment and adjustment required as of December 3 Year in general Journal format Show at events in a horizontal statementa model d. Be What amount of net income wa Cherokee Company report on the Year income statement? What is the amount of net cash flow from operating activities for Year 1 Determine the amount of prepaid rent Cherokee Company would report on the December Year 1 balance sheet Complete this question by entering your answers in the tabs below Hng And Rec Keland Show all events in a horontal statements model cord the was the curred Question data. Inter any de to account balance and how with the statement of Chews columne to designate operating activity, IA for investing activity for and activity for not change that all be hot round intermediate alla CHEROKEE COMPANY menta Model Year Sheet Air Income Stat Lockholders' Equity Common Hained Eainings Cahors tent Reverepet 1 Cherokee Company began operations when it issued common stock for 595,000 cash. It paid $85,500 cash in advance for a one-year contract to lease delivery equipment for the business. It signed the lease agreement on March 1 Year 1 which was effective immediately. Cherokee received 5109.250 of cash revenue in Year 1. Required 6. & b. Record the March - cash payment and adjustment required as of December 31, Year 1 in general journal format c. Show all events in a horizontal statements model d. &e. What amount of net income will Cherokee Company report on the Year income statement? What is the amount of net cash flow from operating activities for Year 17 Determine the amount of prepaid rent Cherokee Company would report on the December 31, Year 1. balance sheet Complete this question by entering your answers in the tabs below. Reg A and B Regc Reg D and What amount of net income will Cherokee Company report on the Year 1 income statement? What is the amount of net cash flow from operating activities for Year 17 Determine the amount of prepaid rent Cherokee Company would report on the December 31, Year 1. balance sheet. (Do not round Intermediate calculations.) d Not income Not cash flow from operating activities 0 Prepaid rent