Excel File Edit View Insert Format Tools Data Window Help AutoSave OFF ABES = X Calibri (Body) 14 A A Paste BIU A G5 fx A B C D E 1 2 ***Accrual Method 3 ***Corporation 4 5 a. 6 7 b. you invest $1,000 in the business in exchange for common stock on Jan 1 On Jan. 1 you paid $150 for an insurance premium for general business insurance - 3 month policy 8 9 C. company signs a contract to provide services of $5,000; no cash paid today no services performed 10 Accrual HW V1 95% Mon Mar 1 16:52 Q Wrap Text Custom Merge & Center $ % 9 .00 Conditional Format Cell Formatting as Table Styles Insert Delete Format Sort & Filter Find & Select Ideas 11 d. you received $500 for services to be provided later 12 13 e. you received $1,500 today for services provided 14 15 f. you received 1/2 of the payment for the contract signed in transaction (c); no services have been provided or started 16 17 g. provided $1,000 of services on account; fees will be billed 18 19 h. Paid $500 for monthly operating expenses 20 21 i. provided $2,500 of services to patients on account; fees will be billed later 22 23 j. the Company paid dividends to shareholders of $1,000 25 26 a1 1 month of prepaid insurance expired 27 28 a2 fees from transaction (g) were billed and paid 29 30 a3 31 received final payment for contract signed in transaction c and services were completed 33 38 39 H K L M N P Transaction # 1 Income Stmt # 2 Stmt of Retained Earnings # 3 Balance Sheet + B + 90% Ready