Need help with the closing entries in the general journal for the revenue and expense accounts. Also need help with the statement of cash flows. Any help is appreciated. Thanks!

NAMUUW.UunchUns253 252F%252Fims. meducation commedward Comprehensive Problem Ch 8 6 Shved Help Save & En 1 The trial balance of Pacilio Security Services, Inc. as of January 1, Year 8, had the following normal balances: 50 points Cash Petty cash Accounts receivable Allowance for doubtful accounts Supplies Prepaid rent Merchandise inventory (18 e $285) Land Salaries payable Conmon stock Retained earnings $93, 708 100 22,540 1,334 250 3,600 5,130 4,000 2.100 50,000 75,894 eBook Print References During Year 8. Pacilio Security Services experienced the following transactions: 1. Paid the salaries payable from Year 7 2. Purchased equipment and a van for a lump sum of $36,000 cash on January 2, Year 8. The equipment was appraised for $10,000 and the van was appraised for $30,000 3. Paid $9,000 on May 1, Year 8, for one year's office rent in advance. 4. Purchased $300 of supplies on account 5. Purchased 120 alarm systems at a cost of $280 each. Paid cash for the purchase 6. After numerous attempts to collect from customers, wrote off $2,350 of uncollectible accounts receivable. 7. Sold 115 alarm systems for $580 each. All sales were on account 8. Record the cost of goods sold related to the sale from Event 7 using the FIFO method. 9. Billed $86,000 of monitoring services for the year. Credit card sales amounted to $36,000, and the credit card company charged a 4 percent fee. The remaining $50,000 were sales on account. 10. Replenished the petty cash fund on June 30. The fund had $12 cash and receipts of $45 for yard mowing, $28 for office supplies expense, and $11 for miscellaneous expenses. 11. Collected the amount due from the credit card company 12. Paid installers and other employees a total of $52,000 cash for salaries 13. Collected $115,500 of accounts receivable during the year. 14. Pald $12.500 of advertising expense during the year. 15. Pald $6,800 of utilities expense for the year. 16. Sold the land, which was purchased in 2011, for $12,000, 17. Paid the accounts payable. O Did wenn ein Onn the hand 1 of 1 Nex Prev Gew Mill Adjustments 19. Determined that $180 of supplies were on hand at the end of the year. 20. Recognized the expired rent for both the old van and the office building for the year. The lease on the van was not renewed. Rent pold on March 1, Year 7. for the van was $4,800. 21. Recognized uncollectible accounts expense for the year using the allowance method, Pacilio estimates that 3 percent of sales on account will not be collected 22. Recognized depreciation expense on the equipment and the van. The equipment has a five-year life and a $2,000 salvage value. The van has a four-year life and a $6,000 salvage value. The company uses double-declining balance for the van and straight-line for the equipment 23. Accrued salaries at December 31, Year 8, were $1,500. reYUICHICIIL Journal Ledger HIGI DOICIILE Statement SE Sheet Prepare the statement of cash flow for year ended December 31, Year 8. (Amounts to mius sign.) Pacilio Security Services, Inc. Statement of Cash Flows For the Year Ended December 31, Year 8 Cash flows from operating activities: Cash payment for expenses Cash receipts from customers $ 0 Net cash flow from operating activities Cash flows from investing activities: Outflow to purchase equipment and van Inflow from sale of land 0 Cash flows from investing activities Cash flows from financing activities: Cash payments for dividends Net cash flow from financing activities Net decrease in cash Add: Beginning cash balance Ending cash balance $ Prey 1 of 1 11 NE NAMUUW.UunchUns253 252F%252Fims. meducation commedward Comprehensive Problem Ch 8 6 Shved Help Save & En 1 The trial balance of Pacilio Security Services, Inc. as of January 1, Year 8, had the following normal balances: 50 points Cash Petty cash Accounts receivable Allowance for doubtful accounts Supplies Prepaid rent Merchandise inventory (18 e $285) Land Salaries payable Conmon stock Retained earnings $93, 708 100 22,540 1,334 250 3,600 5,130 4,000 2.100 50,000 75,894 eBook Print References During Year 8. Pacilio Security Services experienced the following transactions: 1. Paid the salaries payable from Year 7 2. Purchased equipment and a van for a lump sum of $36,000 cash on January 2, Year 8. The equipment was appraised for $10,000 and the van was appraised for $30,000 3. Paid $9,000 on May 1, Year 8, for one year's office rent in advance. 4. Purchased $300 of supplies on account 5. Purchased 120 alarm systems at a cost of $280 each. Paid cash for the purchase 6. After numerous attempts to collect from customers, wrote off $2,350 of uncollectible accounts receivable. 7. Sold 115 alarm systems for $580 each. All sales were on account 8. Record the cost of goods sold related to the sale from Event 7 using the FIFO method. 9. Billed $86,000 of monitoring services for the year. Credit card sales amounted to $36,000, and the credit card company charged a 4 percent fee. The remaining $50,000 were sales on account. 10. Replenished the petty cash fund on June 30. The fund had $12 cash and receipts of $45 for yard mowing, $28 for office supplies expense, and $11 for miscellaneous expenses. 11. Collected the amount due from the credit card company 12. Paid installers and other employees a total of $52,000 cash for salaries 13. Collected $115,500 of accounts receivable during the year. 14. Pald $12.500 of advertising expense during the year. 15. Pald $6,800 of utilities expense for the year. 16. Sold the land, which was purchased in 2011, for $12,000, 17. Paid the accounts payable. O Did wenn ein Onn the hand 1 of 1 Nex Prev Gew Mill Adjustments 19. Determined that $180 of supplies were on hand at the end of the year. 20. Recognized the expired rent for both the old van and the office building for the year. The lease on the van was not renewed. Rent pold on March 1, Year 7. for the van was $4,800. 21. Recognized uncollectible accounts expense for the year using the allowance method, Pacilio estimates that 3 percent of sales on account will not be collected 22. Recognized depreciation expense on the equipment and the van. The equipment has a five-year life and a $2,000 salvage value. The van has a four-year life and a $6,000 salvage value. The company uses double-declining balance for the van and straight-line for the equipment 23. Accrued salaries at December 31, Year 8, were $1,500. reYUICHICIIL Journal Ledger HIGI DOICIILE Statement SE Sheet Prepare the statement of cash flow for year ended December 31, Year 8. (Amounts to mius sign.) Pacilio Security Services, Inc. Statement of Cash Flows For the Year Ended December 31, Year 8 Cash flows from operating activities: Cash payment for expenses Cash receipts from customers $ 0 Net cash flow from operating activities Cash flows from investing activities: Outflow to purchase equipment and van Inflow from sale of land 0 Cash flows from investing activities Cash flows from financing activities: Cash payments for dividends Net cash flow from financing activities Net decrease in cash Add: Beginning cash balance Ending cash balance $ Prey 1 of 1 11 NE