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Holloway Company started operations on January 1, Year 1. During Year 1 , Holloway earned $9,100 of service revenue and collected $7,735 cash from accounts

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Holloway Company started operations on January 1, Year 1. During Year 1 , Holloway earned $9,100 of service revenue and collected $7,735 cash from accounts receivable. Required: Based on this information alone, determine the following for Holloway Company. (Hint. Record the events in a horizontal financial statements model before satisfying the requirements.) Note: Enter any decreases to account balances with a minus sign. a. The balance of the accounts recelvable 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 actlvitles 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

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