Holloway Company earned $18,000 of service revenue on account during Year 1. The company collected $14.000 cash from accounts receivable during Year 1 Required Based on this information alone, determine the following for Holloway Company. o. The balance of the accounts receivable that would be reported on the December 31, Year 1. balance sheet b. The amount of net income that would be reported on the Year 1 income statement. c. The amount of net cash flow from operating activities that would be reported on the Year 1 statement of cash flows. d. The amount of retained earnings that would be reported on the Year 1 balance sheet 008 Ences Complete this question by entering your answers in the tabs below. Accounting Equation Red A to D Based on this information alone, determine the following for Holloway Company. (Not all cells require input. Enter any decreases to account balances with a minus sign) HOLLOWAY COMPANY Accounting Equation Reg A to D Based on this information alone, determine the following for Holloway Company. (Not all cells require input. Enter any account balances with a minus sign.) + HOLLOWAY COMPANY Effect of Events on the Year 1 Accounting Equation Assets Liabilities Event Cash Accounts Receivable Earned revenue Collected accounts receivable Ending balance 0+ 0 = . Stockholders' Equity Common Retained Stock Earnings 18.000 + + - - 0 + 18.000 Req A to D > 1 of 7 Next > to search o Complete this question by entering your answers in the tabs below. Accounting Equation Req A to D ook The balance of the accounts receivable that would be reported on the December 31, Year 1, balance sheet. The amount of net income that would be reported on the Year 1 income statement. The amount of net cash flow from operating activities that would be reported on the Year 1 statement of cash flows. The amount of retained earnings that would be reported on the Year 1 balance sheet. int tences L. a Accounts receivable b Net Income C Net cash flow from operating activities d Retained earnings { Accounting Equation w 1 of 7 III Next > Slayer ise VMware-player-15 are pe here to search O a