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no Attorney at Low, experienced the Tonowing uransactions in 2016, the rst year UI per un 1. Accepted $15,200 on April 1, 2018, as a

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no Attorney at Low, experienced the Tonowing uransactions in 2016, the rst year UI per un 1. Accepted $15,200 on April 1, 2018, as a retainer for services to be performed evenly over the next 12 months. 2. Performed legal services for cash of $61,500. 3. Purchased $1,000 of office supplies on account. 4. Paid $900 of the amount due on accounts payable. 5. Paid a cash dividend to the stockholders of $4,000. 6. Paid cash for operating expenses of $18.500. 7. Determined that at the end of the accounting period $90 of office supplies remained on hand. 8. On December 31, 2018, recognized the revenue that had been earned for services performed in accordance with Tran Required Show the effects of the events on the financial statements using a horizontal statements model like the following one. In Flows column, use OA to designate operating activity, FA for financing activity, IA for investing activity, or NC for net chan the element is not affected by the event, leave the cell blank. The first event has been recorded as an example. (Do not Intermediate calculations. Enter any decreases to account balances and cash outflows with a minus sign. Not all cell entry) Assets HART ATTORNEY AT LAW Etteet of Transactions on the Financial Statements for 2018 Liabilities Stockholders' Income Statement Equity Accounts Unearned Retained Payable Revenue - Revenue Statement of Cash Expense = Net Income State Earnings Flow - 15.200 15.200 OA Event No Cash Supplies 0 0 15200

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