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Required information [The following information applies to the questions displayed below.) Colton Enterprises experienced the following events for Year 1, the first year of operation: 1. Acquired $46,000 cash from the issue of common stock. 2. Paid $13,100 cash in advance for rent. The payment was for the period April 1, Year 1. to March 31, Year 2 3. Performed services for customers on account for $94,000. 4. Incurred operating expenses on account of $40,500 5. Collected $72,000 cash from accounts receivable. 6. Paid $32,000 cash for salary expense. 7. Paid $32,400 cash as a partial payment on accounts payable. Adjusting Entries 8. Made the adjusting entry for the expired rent. (See Event 2.) 9. Recorded $4,600 of accrued salaries at the end of Year 1 Events for Year 2 1. Paid $4,600 cash for the salaries accrued at the end of the prior accounting period. 2. Performed services for cash of $43,000. 3. Purchased $3,900 of supplies on account 4. Paid $13,800 cash in advance for rent. The payment was for one year beginning April 1. Year 2. 5. Performed services for customers on account for $110,000 6. Incurred operating expenses on account of $52,500 7. Collected $100,000 cash from accounts receivable 8. Paid $50,000 cash as a partial payment on accounts payable 9. Paid $32,600 cash for salary expense 10. Poid a $14,000 cash dividend to stockholders Adjusting Entries 11. Made the adjusting entry for the expired rent (Hint Part of the rent was paid in Year 1) 12. Recorded supplies expense. A physical count showed that $450 of supplies were still on hand g. Repeat parts a through ffor Year 2 g. Repeat parts a through ffor Year 2 Complete this question by entering your answers in the tabs below. General T Accounts Trial Balance Income Stmt of Balance Stmt of Closing Closing T Post Closing Journal Stmt Changes Sheet Cash Flows Entries Accts Thial Balance Record the events and adjusting entries for Year 2 in general journal form. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet B C D E F G H . > Record cash paid for salaries accrued at the end of the prior accounting period. Note Enter debits before credits General Journal Debit Credit Event 1 Record entry Clear entry View general journal 9. Repeat parts a through ffor Year 2 Complete this question by entering your answers in the tabs below. General Stmt of Balance TAccounts Trial Balance Income Stmt of Closing Journal Closing Post Cla Stmt Changes Sheet Cash Flows Entries Accts Trial Bo Record the events and adjusting entries for Year 2 in general journal form. (Do not round intermediate calculations. If required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Accounting Cycle Ereise 7 11. Made the adjusting entry for the speed rent Heart of the rent was paldin Yew T) 12. Recorded supplies expense. A physical court showed 5450 of supplies were still on and Porto Du Repeat parts through for You 2 452 Complete this question by entering your answers in the tabs below. so Dag Geen About Sot Com Se thut ti Entries Recta Than Record the events and adjusting entries for Year 2 nd jumalform. De round intermediate calculation of non ed for street Journal other count) fo Journal entry worksheet General Journal T Accounts Trial Balance Income Stmt Stmt of Changes Balance Sheet Stmt of Cash Flov Record the events and adjusting entries for Year 2 in general journal form. (Do notr required for a transaction/event, select "No journal entry required" in the first accou View transaction list Journal entry worksheet Journal entry worksheet . B C D E F G H Record entry for cash collected from accounts Receivable. Note: Enter debits before credits. Event General Journal Debit Credit 7 Record entry Clear entry View general jou GGeneral Journal TAccounts > Record the events and adjusting entries for Year 2 in general journal form. (Do not round inter required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet EUU View transaction list Journal entry worksheet education Age 7 1. My 18 and the bading = 0 Journal entry worksheet 1 required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet