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just need answers all part of one question please Ine tollowing transactions apply to Hooper Company for Year 1, its tirst year of operations. 1.

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Ine tollowing transactions apply to Hooper Company for Year 1, its tirst year of operations. 1. Issued $120,000 of common stock for cash. 2. Provided $96,000 of services on account. 3. Collected $80,000 cash from accounts recelvable 4. Loaned $15.000 to Mosby Company on November 30, Year 1 The note had a one year term to maturity and a 8 percent interest rate. 5. Paid $38,000 of salarles expense for the year 6. Paid a $3,000 dividend to the stockholders. 7. Recorded the accrued interest on December 31 , Year 1 (see item 41 8. Determined that $680 of accounts receivable were uncollectible. Hooper Company uses the direct write-off method, Required o. Record the above transactions in general joumal form. b. Post the entries to T-accounts. c. Prepare the income statement, balance sheet, and statement of cash flows for yeat 1 d. Show the effects of the above transactions in a horizontal statements modei When you iccord amo unts in the Statement of Cosh Flows column, indicate whether the itern is an operating activity (OA), investing activity (A), financino activity (FA), or net C )ange (NC) Leave blank to indicare that an element is not affected by the evert. tecord the above transactions in general journal form. (If no entry is required for a transaction/event, select "No journal entry required" n the first account field. Round your finat answers to the nearest whole number) Journal entry worksheet Notet Enter debits before credits, Neq A Neg t Neq Cl RegC2 seaC3 keqv Post the entries to T-accounts. \begin{tabular}{|l|l|l|l|l|} \hline Beg Bal & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline Beg Bal & Accounts Recelvable \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline Beg Bal & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline \multicolumn{3}{|c|}{ Notes Receivable } \\ \hline Beg Bal & & & \\ \hline & & & \\ \hline & & & \\ \hline End Bal & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|l|} \hline Beg. Bal & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} End. Bal \begin{tabular}{|l|l|l|l|} \hline Beg. Bal & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline Beg. Bal. & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline Beg. Bal & & \\ \hline & & & \\ \hline & & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline Beg Bal & & & \multicolumn{3}{|c|}{ Salaries Expense } \\ \hline & & & \\ \hline & & & \\ \hline End Bal & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline \multicolumn{3}{|c|}{ Interest Revenue } \\ \hline Beg Bal & & & \\ \hline & & & \\ \hline & & & \\ \hline End Bal & & & \\ \hline \end{tabular} AragA Beact Complete this question by entering your answers in the tabs below. Prepare the income statement for Year 1. Complete this question by entering your answers in the tabs below. Prepare the balance sheet for Year 1. Prepare the statement of casb flows for Year 1 . (Amounts to be deducted should be indicated with a minus sign.) activity (EA), financing activity \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{17}{|c|}{ HoOHEt COMSWNY } \\ \hline \multicolumn{17}{|c|}{ Hotronotal Statement Bodel } \\ \hline \multirow{3}{*}{ Event } & \multicolumn{11}{|c|}{ Halonce Sheet } & \multicolumn{4}{|c|}{ Incoine Statument } & \multirow{3}{*}{\begin{tabular}{l} Stolement of Cash \\ Flowe \end{tabular}} \\ \hline & \multicolumn{7}{|c|}{ Mssets } & = & \multicolumn{3}{|c|}{ Equity } & \multirow[b]{2}{*}{ Reverive } & \multirow[b]{2}{*}{1} & \multirow[b]{2}{*}{ Experises } & \multirow[b]{2}{*}{ Net Incone } & \\ \hline & Cash & - & \begin{tabular}{l} Ney \\ Accorints \\ Pecelvable \end{tabular} & + & \begin{tabular}{l} Nokes \\ Recervathe \end{tabular} & + & \begin{tabular}{l} Interist \\ Receivable \end{tabular} & = & \begin{tabular}{l} Common \\ Stock \end{tabular} & - & \begin{tabular}{l} Hetained \\ Earnings \end{tabular} & & & & & \\ \hline 1. & & 4 & & 4 & & +7 & & = & & + & & & - & & a) & \\ \hline 2 & & . & & * & & 1. & & = & & * & & & - & & * & \\ \hline 1 & & 1 & & + & & 1. & & = & & + & & & - & a & a & \\ \hline 4 & & + & & + & & + & & = & & + & & & - & . & & \\ \hline 5 & & & & + & & + & & = & & & & & - & & " & \\ \hline 6 & & + & & * & & . & & = & & * & & & - & & & \\ \hline I. & & . & & + & % & + & & = & & + & & & -1 & & * & \\ \hline 8 & & i. & & 1 & & - & & = & & + & & & -7 & & = & \\ \hline Bal & & + & & + & & + & & = & & + & & & 1. & & = & \\ \hline \end{tabular}

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