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multi step problem. for the 1st part i didnt know how to get the used rent but thanks for the help! Life, Inc., experienced the

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multi step problem. for the 1st part i didnt know how to get the used rent but thanks for the help!
Life, Inc., experienced the following events in 2018, its first year of operation: 1. Performed counseling services for $25,200 cash. 2. On February 1, 2018. paid $17,400 cash to rent office space for the coming year. 3. Adjusted the accounts to reflect the amount of rent used during the year. Required Based on this information alone: a. Record the events under an accounting equation. b. Prepare an income statement, balance sheet, and statement of cash flows for the 2018 accounting period c. Ignoring all other future events, what is the amount of rent expense that would be recognized in 2019? Complete this question by entering your answers in the tabs below. Reg A Req B1 Inc Stmt Req B2 Bal Sheet Reg B3 CF Stmt Reqc Req A Req B1 Inc Stmt Req B2 Bal Sheet Req B3 CF Stmt Reqc Record the events under an accounting equation. (Do not round intermediate calculations. Ent balances with a minus sign.) LIFE, INC. Effect of Events on the Accounting Equation Assets Cash Cash Prepaid Stockholders Equity Retained Earnings 25,200 Rent 25,200 Event Performed counseling services Prepaid rent Used rent 2. (17,400) 17,400 3. Totals 7,800 17,400 25,200 Req A Req B1 Inc Stmt Req B2 Bal Sheet Req B3 CF Stmt Reg C Prepare an income statement for the 2018 accounting period. (Do not deducted should be indicated with a minus sign.) LIFE, INC. Income Statement For the Year Ended December 31, 2018 riepare a Valance sheet for the 2018 accounting period. LIFE, INC. Balance Sheet As of December 31, 2018 Assets Total assets Liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity

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