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Hart, Attorney at law.experienced the following transactions in Year is the first year of operations 1. Accepted $19.500 on April 1, Yeart as a retainer

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Hart, Attorney at law.experienced the following transactions in Year is the first year of operations 1. Accepted $19.500 on April 1, Yeart as a retainer for services to be performed evenly over the next 12 month 2. Performed legal services for cash of $61000 3. Purchased $1400 of office suppies on account 4 Paid $1260 of the amount due on accounts payable. 5 Paid a cash didend to the stockholders of 55200 6. Paid cash for operating expenses of $21000 7 Determined that at the end of the accounting period. $120 of office supplies remained on hand 8. On December 31. Year 1, recognized the revenue that had been earned for services performed in accordance with Transaction 1 Required Show the effects of the events on the financial statements using a contattatemente model ke the followed one. In the Cash Flow column, use the initials OA to designate operating activity. A for investing activity. FA for financing actity, NC Bornece cash and NA to indicate accounts not affected by the event. The first event has been recorded as an exame (Oo not round Intermediate calculations. Enter any decreases to account balances and cash outflows with minus sign) Answer is not complete MARTATTOYATUAN f . 19.500 . 1000 SED 61.000 19.00 OA 000 NA Olo . 14001 (120 . 4 . 120 200) CH10 . . GRO 9000 1000 61.000 53

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