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niments: ACCT-2003-30129 Saved Help The following events pertain to Super Cleaning Company: 1. Acquired $15,100 cash from the issue of common stock. 2. Provided $13,100
niments: ACCT-2003-30129 Saved Help The following events pertain to Super Cleaning Company: 1. Acquired $15,100 cash from the issue of common stock. 2. Provided $13,100 of services on account. 3. Provided services for $4,100 cash. 4. Received $2,500 cash in advance for services to be performed in the future. 5. Collected $9,100 cash from the account receivable created in Event 2. 6. Paid $5,100 for cash expenses. 7. Performed $1,250 of the services agreed to in Event 4. 8. Incurred $1,600 of expenses on account 9. Paid $1,150 cash in advance for one-year contract to rent office space. 0. Paid $1,250 cash on the account payable created in Event 8. 11. Pald a $1,600 cash dividend to the stockholders. 2. Recognized rent expense for nine months' use of office space acquired in Event 9. Required Show the effects of the events on the financial statements using a horizontal statements model like the following one. In the cash Flows column, use the letters OA to designate operating activity, IA for investing activity, FA for financing activity and NC for net change in cash. If an account is not affected by the event, leave the cell blank. The first event is recorded as an round Intermediate calculations. Enter any decreases to account balances and cash outflows with a minussion. Not every cow require entry.) minus sign. Not every cell will Assets SUPER CLEANING COMPANY Effect of Events on the Financial Statements Llabilities Stockholders' Equity Accounts Uneamed Common Retained Payable Revenue 15.100 Accounts Rocolvable Prepaid Revenue - Expenses Net Income 15,100 0 0- 0- 05 .100 SUPER CLEANING COMPANY ct of Events on the Financial Statements Stockholders' Equity Barned Common Retained venue Stock Earnings 15,100 + Income Statement Revenue- Statement of Cash Flows Expenses - Net Income 15,100 FA 2,500 IIIIIIIIIIIIII TTTTTTTTTTT 2,500 + 15,100 + 0 15,100
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