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I am not sure if some of my answers are incorrect or not, but please check and fill in the remaining parts of the statements.
I am not sure if some of my answers are incorrect or not, but please check and fill in the remaining parts of the statements.
Problem 3-28A (Algo) Show how the events affect the financial statements using a horizontal statements model LO 3-2, 3-3 The following events pertain to Super Cleaning Company: 1. Acquired $16,300 cash from the issue of common stock. 2. Provided $14,300 of services on account. 3. Provided services for $5,300cash. 4. Received $3,700 cash in advance for services to be performed in the future. 5. Collected $10,300 cash from the account recelvable created in Event 2. 6. Paid $6,300 for cash expenses. 7. Performed $1,850 of the services agreed to in Event 4. 8. Incurred $2,800 of expenses on account. 9. Paid $1,750 cash in advance for one-year contract to rent office space. 10. Paid $2,450 cash on the account payable created in Event 8. 11. Paid a $2,800 cash dividend to the stockholders. 2. Recognized rent expense for nine months' use of office space acquired in Event 9. Required: Show the effects of the events on the financial statements using a horizontal statements model like the following one. In the Statement of Cash Flows column, use the letters OA to designate operating activity, IA for investing activity, FA for financing activity, and NC for net change in cash. The first event is recorded as an example. Note: Do not round intermediate calculations. Enter any decreases to account balances and cash outflows with a minus sign. Not all cells require input Step by Step Solution
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