FOR THESE QUESTIONS CAN YOU CLEARLY WRITTEN SHOW ME THE ANSWER TO THE SOLUTION VERY CLEARLY WRITTEN PLEASE AND THANK YOU.

On December 31, Year 1, BIG Company had accrued salaries of $11,450. Required a. Record in general journal format the adjustment required as of December 31, Year 1. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the adjusting entry for salaries payable. Note: Enter debits before credits. General Journal Debit Credit Date December Record entry Clear entry View general journal b. Show the effect of above adjustment in a horizontal statements model. (Enter any decreases to account balances and cash outflows with a minus sign. In the Statement of Cash Flows column, use the initials OA to designate operating activity, IA for investing activity, FA for financing activity, and NC for net change in cash. Not all cells in the "Statement of Cash Flows" column may require an input - leave cells blank if there is no corresponding input needed.) BIG COMPANY Horizontal Statements Model for Year 1 Liabilities Stockholders Stockholders' Event Assets Income Statement Statement of Cash Flows Revenue - Expenses - Net Income Equity Retained Earnings Salaries Payable C-1. Determine the amount of net income BIG would report on the Year 1 income statement, assuming that BIG received $24,100 of cash revenue. Net income c-2. What is the amount of net cash flow from operating activities for Year 1? Net cash flow from operating activities d. What amount of salaries payable would BIG report on the December 31, Year 1, balance sheet?! Salanes payable Exercise 13-15A Recording prepaid items and identifying their effect on financial statements LO 13-2 Cherokee Company began operations when it issued common stock for $90,500 cash. It paid $81450 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 $104,075 of cash revenue in Year 1. Required a. & b. Record the March 1 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 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 Complete this question by entering your answers in the tabs below. Reg A and B ReqC Reg D and E Record the March 1 cash payment and adjustment required as of December 11. 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.) View transaction list Journal entry worksheet Record rent paid in advance. Note Ente debits before credits General Journal Debit Credit March 01 Reg A and B Reg C Reg D and E Show all events in a horizontal statements model. (Record the events as they occurred in question data. In the Statement of Cash Flows column, use OA to designate operating activity, IA for investing activity, FA for financing activity, and NC for net change in cash. Not all cells in the Statement of Cash Flows" column may require an input - leave cells blank if there is no corresponding input needed. Enter any decreases to account balances with a minus sign. Do not round Intermediate calculations.) Show less CHEROKEE COMPANY Horizontal Statements Model for Year 1 = Liabilities - Stockholders' Equity Income Statement Common Retained Stock Earnings Revenue - Expenses - Net Income Event Prepaid Statement of Cash Flows Cash - Rent 0- 0 000- 00-00