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NEED HELP PLEASE The following transactions pertain to Accounting Solutions inc. Assume the transactions for the purchase of the computer and away capital improvements occur

NEED HELP PLEASE
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The following transactions pertain to Accounting Solutions inc. Assume the transactions for the purchase of the computer and away capital improvements occur on January teach year Year 1 1. Acquired $63.000 cash from the issue of common stock 2. Purchased a computer system for $23.500. It has an estimated set the of five years and a $3.490 salvage value. 3. Paid $1,600 sales tax on the computer system, 4. Collected $33,820 in fees from Cients 5. Paid $1.270 in fees for routine maintenance to service the computers. 6. Recorded double declining balance depreciation on the computer system for Year Year 2 1. Paid $980 for repairs to the computer system. 2. Bought offsite backup services to maintain the computer system, 51010 3. Colected $36.820 in fees from clients 4. Paid $810 in fees to service the computers 5. Recorded double declining-balance depreciation for Year 2. Year 3 1. Pald $3,400 to upgrade the computer system, which extended the tota life of the system to six years. The salvage value die net change. 2. Pald $960 in foes to service the computers 3. Collected $32.400 in fees from clients 4. Recorded double-declining-balance depreciation for Year 3 Required a. Record the above transactions in a horizontal statements model. b-1. Prepare income statements for Yeart Year 2 and Year 3. b-2. Prepare statements of changes in stockholders equity for Year 1 Year 2 nd Year 3. b-3. Prepare balance sheets for Year 1 Year 2. and Year 3. b-4. Prepare statements of cash flows for Year 1 Year 2, and Year 3. Answer is not complete Complete this question by entering your answers in the tabs below. Red B3 Bal Reg A Year Reg A Year 2 Meg A Year 3 Reg 31 Inc Req B2 Stmt of Changes Reg 24 Cast Pons Record the above transactions in a horizontal statements model for Year 3 (In the Cash Flow column, indicate whether the item is an operating activity (Alan investing activity (IA), a financing activity (FA), or net change in cash (NC) of an element is not affected by the event, save the cell blank. Enter any decreases to account balances and cash outflows with a minus sign. Not all cells will require entry) Show Event Year 3 Net Income Statement of Cash Flow ACCOUNTING SOLUTIONS INC. Horizontal Statement Model Year 2 Balance Sheet Income Statement Assets Stockholders Equity BV Common Retained Revenue Expense Cash Equipment Stock Earnings 101.670 0.030 63.000 - 50.305 - - (3,4001 - 3.400 ools og D- 1900 De 960- 32.400 1. - COL: 32400 32,4001 - OL 0 (4.974 0 14.974 0 De 00 182.510 7462 63.000 972 32.400 960 - Bali 1. 2 3. 4 Bal o vol.4001 ol 32.400 2400 14.676 20.000

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