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January 3 0 Established the business when it acquired $ 4 7 , 0 0 0 cash from the issue of common stock. February 1
January Established the business when it acquired $ cash from the issue of common stock.
February Paid rent for office space for two years, $ cash.
April Purchased $ of supplies on account.
July Rceived $ cash in advance for services to be provided over the next year.
July Paid $ of the accounts payable from April
August Billed a customer $ for services provided during August.
September Completed a job and received $ cash for services rendered.
october Paid employee salaries of $ cash.
october Received $ cash from accounts receivable.
November Billed customers $ for services rendered on account.
December Paid a dividend of $ cash to the stockholders.
December Adjusted records to recognize the services provided on the contract of July
December Recorded $ of accrued salaries as of December
December Recorded the rent expense for the year. See February
December Physically counted supplies; $ was on hand at the end of the period.
Problem A Algo Part d
d Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for Year
Note: Statement of Cash Flows only, enter any decreases to account balances and cash outflows with a minus sign.
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