Holloway Company started operations on January 1, Year 1. During Year 1, Holloway earned $6,100 of service revenue and collected $5,185 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. Event HOLLOWAY COMPANY Effect of Events on the Year 1 Horizontal Financial Statements Assets Earned revenue Collected accounts receivable Ending balance Cash Accounts + Receivable + + + MUHA LIMI = Liabilities + + + + + Stockholders' Equity Common Stock + + + + Retained Earnings

Holloway Company started operations on January 1, Year 1. During Year 1. Holloway earned $6,100 of service revenue and collected $5,185 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 bolances with o minus sign