Financial accounting : record the impact of the following transations on the basic acounting equation and cashflows for a company that began operations on 1/1/18

1)Provided services and recived cash -3,000 6

2)Paid 450 in advance to rent a storage space for 6 months

3) preformed 2,500 of servies on account

4) accrued 800 of wages to be paid later

5)received 1,200 in advance for a one year service revenue contract

6)used cash to purchase equipment :cost - 2000; salavge value 2000 , useful life (6years)

7) adjust the records to record he expirtion of 4 months of rent on the storage unit (step#2)

8)earned 2 months of the service contract (step#5) record the adjusting entry

9)adjust the record to record 4 months of depreciation on the equipment

10)collected 1,700 from customers on account

balance sheet

Income statment

assets

liabilities

equity

cash

acct receviable

prepaid rent

equipment

accu dep)

=

accrued wages

unearned revenue

retained earnings

revenue

expense

=

net inc.

Cash flow

1)

2)