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please write good so i can easily read and please make it organized. Thank you Alcorn Service Company was formed on January 1, Year 1.

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Alcorn Service Company was formed on January 1, Year 1. Events Affecting the Year 1 Accounting Period eBook 1. Acquired $76,000 cash from the issue of common stock. 2. Purchased $4,400 of supplies on account. 3. Purchased land that cost $50,000 cash. 4. Paid $4,400 cash to settle accounts payable created in Event 2. 5. Recognized revenue on account of $74,000. 6. Paid $37,000 cash for other operating expenses. 7. Collected $54,000 cash from accounts receivable. Information for Year 1 Adjusting Entries 8. Recognized accrued salaries of $4.800 on December 31, Year 1. 9. Had $1,800 of supplies on hand at the end of the accounting period. Events Affecting the Year 2 Accounting Period 1. Acquired $36,000 cash from the issue of common stock. 2. Paid $4,800 cash to settle the salaries payable obligation. 3. Paid $8,400 cash in advance to lease office space. 4. Sold the land that cost $50,000 for $50,000 cash. 5. Received $9,600 cash in advance for services to be performed in the future. 6. Purchased $2,600 of supplies on account during the year. 7. Provided services on account of $50,000. 8. Collected $49,000 cash from accounts receivable. 9. Paid a cash dividend of $8,000 to the stockholders. 10. Paid other operating expenses of $35,500. UMUHTOF 2 Adjusting Entries 11 The advance payment for rental of the office spacere Event was made on March 1 for a one year term 12. The cash advance for services to be provided in the future was collected on October 1see Event The one year contract started on October 1 13. Had $1.900 of supplies remaining on hand at the end of the period 14. Recognized accrued salaries of $500 at the end of the accounting period. Required a. Identify each event affecting the Year 1 and Year 2 accounting periods as asset source (AS), asset use (AL), asset exchange (AE), or claims exchange (CE). Record the effects of each event under the appropriate general ledger account headings of the accounting equation b. Prepare an income statement statement of changes in stockholders' equity, balance sheet, and statement of cash flows for Year 1 and Year 2 Complete this question by entering your answers in the tabs below. Red A renewed oured B S hesta Identity cach event affecting the Year 1 accounting periods as asset source (AS), asset use (AU), asset exchange (AE), or claims exchange (CF). Record the effects of each event under the appropriate general ledger account headings of the accounting equation (Do not found intermediate calculations. Enter any decreases to account balances with a minus ALCORN SERVICE COMPANY Accounting Equation for Year 1 Liabilities Accounts Saries Payable Payable Stockholders' Equity Common Retained Stock Earnings Unearned Revenue Supplies Complete this question by entering your answers in the tabs below. Required A Required A Year 2 SO Required to Required B Samt B B eure B Bal Sheet Required B Sum of Cash Flows Identify each event affecting the Year 1 accounting periods as asset source (AS), asset use (AU), asset exchange (AE), or claims exchange (CE). Record the effects of each event under the appropriate general ledger account headings of the accounting equation. (Do not round Intermediate calculations. Enter any decreases to account balances with a minus ALCORN SERVICE COMPANY Accounting Equation for Yeart - Accounts Cash Supplies Prepaid Land Event Liabilities Salaries Payable - Accounts Payable Stockholders' Equity Common Retained Stock Unearned Revenue KREY Required A Year 2 > Required A Year 1 Required A Year 2 Required B Inc Sumth R equired 13 Bal Sheet Cash ers Identify each event affecting the Year 2 accounting periods as asset source (AS), asset use (AU), asset exchange (AF), or claims exchange (CE). Record the effects of each event under the appropriate general ledger account headings of the accounting equation. (Do not found intermediate calculations. Enter any decreases to account balances with a minus sign.) ALCORN SERVICE COMPANY Accounting Equation for Year 2 Event of Stockholders' Equity Common Retained Prepaid Event Supplies Land Payable Payable 10DDDDD 12 (Required A Year 1 Required Inc Stmt> Complete this question by entering your answers in the tabs below. Required A Year 1 Required A Required A Year 2 Required Required B Inc for Stmt Required B Stmt Stkholders Eq Required B Bal Sheet Required B Stmt of Cash Flows Prepare an income statement for Year 1 and Year 2. (Do not round intermediate calculations.) ALCORN SERVICE COMPANY Income Statements For the Years Ended December 31, Year 1 and Year 2 Year 1 Year 2 Total revenue Expenses Total expenses (Required A Year 2 Required B Stmt Stkholders Eq> Complete this question by entering your answers in the tabs below. Required B Required B Required A Required A Required B Inc Required B Bal Stmt Strnt of Cash Year 1 Year 2 Sumt Sheet Sticholders Eq Flows Prepare the statement of changes in stockholders' equity for Year 1 and Year 2. ALCORN SERVICE COMPANY Statement of Changes in Stockholders' Equity For the Years Ended December 31, Year 1 and Year 2 Year 1 Year 2 Beginning common stock Ending common stock Beginning retained oarnings Ending retained earnings Total stockholders' equity (Required B Inc Stmt Required B Bal Sheet > Saved Year 1 Year 2 Stmt Stkholders to Sheet JUHULOS Flows Prepare the balance sheet for Year 1 and Year 2. ALCORN SERVICE COMPANY Balance Sheets As of December 31, Year 1 and Year 2 Year 1 Year 2 Assets Total assets Liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity Required A Required A Required inc equired b Dal Sant of Cash Year 1 Year 2 Sumt Stkholders Eq Sheet Flows Prepare the statement of cash flows for Year 1 and Year 2. (Amounts to be deducted should be indicated with a minus sign.) ALCORN SERVICE COMPANY Statements of Cash Flows For the Years Ended December 31, Year 1 and Year 2 Year 1 Year 2 Cash flows from operating activities Net cash flow from operating activities Cash flows from investing acivities Net cash flow from investing activities Cash flows from financing activities Not cash flow from financing activities Not change in cash Ending cash balance

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