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i need help finishing this please Chapter 01 (Static) Comprehensive Problem LO 1-1, 1-2, 1-3, 1-4, 1-5, 1-6, 1-7, 1-8, 1-9, 1-10 The following information
i need help finishing this please
Chapter 01 (Static) Comprehensive Problem LO 1-1, 1-2, 1-3, 1-4, 1-5, 1-6, 1-7, 1-8, 1-9, 1-10 The following information is avalable for Pacilio Security Services, Incarporated for Year 1, its first year of operations. Pacilio provides security services for local sporting events. The following summary transactions occurred during Year 1: 1. Acquired $6,000 from the issue of common stock. 2. Borrowed \$5,000 from the Small Business Government Agency. The loan is interest-free. 3. Performed security services at locat sporting events during the year for $9.000 cash. 4. Paid salarles expense of $3,000 for the year. 5. Purchased land for $4,000 6. Paid other operating expenses of $2,000 for the year. 7. Paid a cash dividend to the shareholders of $2,500. 8. The market value of the land was determined to be $4,500 at December 31 , Year 1 Required a. Record the given transactions in an accounting equation. Provide the appropriate account titles for the amounts shown in the Retained Eamings column b. Prepore an income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for Year 1. Complete this question by entering your answers in the tabs below. Recuired A Required a Ine Required ti Stmt Stht Sthelders fo Complete this question by entering your answers in the tabs below. Recard the given transactions in an accounting equation. Provide the appropriate account titles for the amaunts shown in the Retained Earnings colun decresses to account balances with a minus sign.) Answer is not complete. Complete this qestion by entering your answers in the tabs below. Prepare an income statement for Year 1. Prepare a balance sheet for Year 1. Prev 1 of 1 Next Step by Step Solution
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