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please help In 2019, founder and CEO Alessandra Pronti commenced business as Pronti & Co., Inc., a rather exquisite line of expensive women's clothing. Since

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In 2019, founder and CEO Alessandra Pronti commenced business as Pronti & Co., Inc., a rather exquisite line of expensive women's clothing. Since she took Fundamentals of Accounting, she knew that a good accounting team was necessary in order to be successful in her new venture. The first professional she hired was Alyssa Salvato, CPA to handle all her accounting functions. In order to prepare the company's Financial Statements, Ms. Salvato has asked you to assist her with the following transactions. 1) Pronti & Co., Inc. was started when it acquired $10,000 cash by issuing common stock. 2) The company borrowed $25.000 from The First Bank of Montclair. 3) Pronti & Co., Inc. provided services to its only customer, Zheng International and received $29,000 cash. 4) The company paid operating expenses of $8,300. 5) Pronti & Co., Inc. paid $7,000 down on their loan. 6) The company paid $5,000 rent to Rodriguez Realty. 7) Bought $8,000 of stock in Hurd's Hot Drinks, Inc., an up and coming coffeehouse chain, as an investment. 8) Paid cash for $3,000 in dividends to its stockholders. 9) According to the company's investment broker Sam, Hurd's Hot Drinks, Inc. securities were worth $9,000 as of December 31, 2019, a rather nice unrealized appreciation in the stock recently purchased.. Required: a) Record the above transactions on a horizontal statements model, reflecting their effect on the different financial statement b) Prepare Pronti & Co., Inc.'s income statement, balance sheet and statement of cash flows for the year ended December 31, 2019 THIS

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