Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

how would i do these? i am confused on how to fill these. can someone help me Cash Accounts Receivable Supplies Prepaid Rent Land Accounts

how would i do these? image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
i am confused on how to fill these. can someone help me
Cash Accounts Receivable Supplies Prepaid Rent Land Accounts Payable Unearned Revenue Salaries Payable Notes Payable Common Stock Retained Earnings $ 8,900 1 1,500 65 800 4,000 1,050 200 1,200 2.000 8,000 2,815 ed During Year 3. Pacilio Security Services experienced the following transactions. m 1. Paid the salaries payable from Year 2 2. Paid the balance of $2,000 on the debt owed to the Small Business Government Agency. The loan is interest free 3. Performed $32,000 of security services for numerous local events during the year, $21000 was on account and $11,000 was for cash 4. On May 1, paid $3,000 for 12 months' rent in advance. 5. Purchased supplies on account for $700 6. Paid salaries expense for the year of $9.000 7 incurred other operating expenses on account, $4,200 8 On October 1, Year 3. a customer paid $1.200 for services to be provided over the next 12 months 9. Collected $19.000 of accounts receivable during the year 10. Paid $5.950 on accounts payable 11. Pald $1,800 of advertising expenses for the year 12 Paid a cash dividend to the shareholders of $4650 ThinhCC Prey 1 of 1 ili Next Effect of Transactions on Financial Statements - Year 3 Balance Sheet Income Statement Net Liabilities + S. Equity Revenue Expenses Income Statement of Cash Flows Assets Transaction 1. 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 Prepare the statement of cash flow for year ended December 31, Year 3. (Am minus sign.) Pacilio Security Services, Inc. Statement of Cash Flows For the Year Ended December 31, Year 3 Cash flows from operating activities: Cash receipts from customers Net cash flow from operating activities Cash flows from investing activities: $ 0 Net cash flow from investing activities Cash flows from financing activities: Prew $ 0 Net cash flow from operating activities Cash flows from investing activities: Net cash flow from investing activities Cash flows from financing activities: Net cash flow from financing activities 0 Ending cash balance $ $ 0 Faculo Security Services, Inc. Balance Sheet At December 31, Year 3 Assets Cash $ Accounts receivable 12,500 3,500 765 3,800 Supplies Prepaid rent Total Assets $ 20,565 Liabilities 1,400 1,400 $ $ Accounts payable Salaries payable Unearned revenue Total Liabilities Stockholders' Equity Common stock Retained earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 8,000 (1.835) 6.165 7,565 $ Prev Cash Accounts Receivable Supplies Prepaid Rent Land Accounts Payable Unearned Revenue Salaries Payable Notes Payable Common Stock Retained Earnings $ 8,900 1 1,500 65 800 4,000 1,050 200 1,200 2.000 8,000 2,815 ed During Year 3. Pacilio Security Services experienced the following transactions. m 1. Paid the salaries payable from Year 2 2. Paid the balance of $2,000 on the debt owed to the Small Business Government Agency. The loan is interest free 3. Performed $32,000 of security services for numerous local events during the year, $21000 was on account and $11,000 was for cash 4. On May 1, paid $3,000 for 12 months' rent in advance. 5. Purchased supplies on account for $700 6. Paid salaries expense for the year of $9.000 7 incurred other operating expenses on account, $4,200 8 On October 1, Year 3. a customer paid $1.200 for services to be provided over the next 12 months 9. Collected $19.000 of accounts receivable during the year 10. Paid $5.950 on accounts payable 11. Pald $1,800 of advertising expenses for the year 12 Paid a cash dividend to the shareholders of $4650 ThinhCC Prey 1 of 1 ili Next Effect of Transactions on Financial Statements - Year 3 Balance Sheet Income Statement Net Liabilities + S. Equity Revenue Expenses Income Statement of Cash Flows Assets Transaction 1. 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 Prepare the statement of cash flow for year ended December 31, Year 3. (Am minus sign.) Pacilio Security Services, Inc. Statement of Cash Flows For the Year Ended December 31, Year 3 Cash flows from operating activities: Cash receipts from customers Net cash flow from operating activities Cash flows from investing activities: $ 0 Net cash flow from investing activities Cash flows from financing activities: Prew $ 0 Net cash flow from operating activities Cash flows from investing activities: Net cash flow from investing activities Cash flows from financing activities: Net cash flow from financing activities 0 Ending cash balance $ $ 0 Faculo Security Services, Inc. Balance Sheet At December 31, Year 3 Assets Cash $ Accounts receivable 12,500 3,500 765 3,800 Supplies Prepaid rent Total Assets $ 20,565 Liabilities 1,400 1,400 $ $ Accounts payable Salaries payable Unearned revenue Total Liabilities Stockholders' Equity Common stock Retained earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 8,000 (1.835) 6.165 7,565 $ Prev

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

EAuditing Fundamentals Virtual Communication And Remote Auditing

Authors: J.P. Russell, Shauna Wilson

1st Edition

0873898486, 978-0873898485

More Books

Students also viewed these Accounting questions

Question

Is it clear what happens if an employee violates the policy?

Answered: 1 week ago