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Complete this question by entering your answers in the tabs below. Prepare an income statement for the Year 1 accounting period. Record the events under
Complete this question by entering your answers in the tabs below. Prepare an income statement for the Year 1 accounting period. Record the events under an accounting equation. (Not all cells require input. Enter any decreases to account minus sign.) x Answer is not complete. Complete this question by entering your answers in the tabs below. What is the balance in the Supplies account as of January 1, Year 2? What is the balanc of January 1 , Year 2? Prepare a balance sheet for the Yeal 1 dccoumung Prepare the statement of cash flows for the Year 1 accounting period. (Enter cash out Yard Professionals Inc. experienced the following events in Year 1, its first year of operation: 1. Performed services for $21,000 cash. 2. Purchased $6,800 of supplies on account. 3. A physical count on December 31, Year 1, found that there was $1,290 of supplies on hand. Required Based on this information alone: a. Record the events under an accounting equation. b. Prepare an income statement, balance sheet, and statement of cash flows for the Year 1 accc 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? Answer is not complete. Complete this question by entering your answers in the tabs below
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