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Complete this question by entering your answers in the tabs below. Prepare the statement of cash flows for the Year 1 accounting period. Note: Enter
Complete this question by entering your answers in the tabs below. Prepare the statement of cash flows for the Year 1 accounting period. Note: Enter cash outflows with a minus sigh. Complete this question by entering your answers in the tabs below. Prepare an income statement for the Year 1 accounting period. Complete this question by entering your answers in the tabs below. Prepare a balance sheet for the Year 1 accounting period. Complete this question by entering your answers in the tabs below. c. What is the balance in the Supplies account as of January 1 , Year 2 ? d. What is the balance in the Supplies Expense account as of January 1 , Year 2? Yard Profe-ssionats incorporated experienced the following events in Year 1, its first year of operation: 1. Performed services for $29,500 cash 2. Purchased $7,600 of supplies on account 3. A physical count on Decenber 31. Year 1, found that there was $1,530 of supples on hand. Required: Based on this informabor alone: a. Record the events under an accounting equation b. Prepare an income statement, balance sbeet, arid statement of cash fiows for the Year 1 accounting period c. What is the balance in the Supplies account as of January it Year 2 ? d. What is the balance in the Supplies Expense account as of January 1, Year 2 ? Complete this question by entering your answers in the tabs below. Record the events under an accounting equation. Note: Not all cells require input. Enter any decreases to account balances with a minus sign
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