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Please answer the ones I got wrong Problem 2-35A (Algo) Effect of events on financial statements LO 2-3, 2-5, 2-6, 2-7, 2-8 Waddell Company had

Please answer the ones I got wrong

image text in transcribedimage text in transcribed Problem 2-35A (Algo) Effect of events on financial statements LO 2-3, 2-5, 2-6, 2-7, 2-8 Waddell Company had the following balances in its accounting records as of December 31, Year 1 : The following accounting events apply to Waddell Company's Year 2 fiscal year: January 1 Acquired $38,000 cash from the issue of common stock. February 1 Paid $5,400 cash in advance for a one-year lease for office space. March 1 Paid a $1,700cash dividend to the stockholders. April 1 Purchased additional land that cost $31,000cash. May 1 Made a cash payment on accounts payable of $20,000. July 1 Received $7,600 cash in advance as a retainer for services to be performed monthly over the coming year. September 1 Sold land for $23,000 cash that had originally cost $23,000. October 1 Purchased $990 of supplies on account. December 31 Earned $60,000 of service revenue on account during the year. December 31 Received cash collections from accounts receivable amounting to $53,000. December 31 Incurred other operating expenses on account during the year that amounted to $12,000. December 31 Recognized accrued salaries expense of $4,100. December 31Had$170 of supplies on hand at the end of the period. December 31 The land purchased on April 1 had a market value of $34,000. December 31 Reconnized $129 of accrued interest revenue

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