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Problem 2-2 HoJo Inc started their business in 2018 and had the following transactions OWN- HoJo Inc Acquired $245,000 cash from the issue of common
Problem 2-2 HoJo Inc started their business in 2018 and had the following transactions OWN- HoJo Inc Acquired $245,000 cash from the issue of common stock. 2 HoJo Provided services for $56,000 cash. HoJo Paid $84,000 cash for salaries expense. HoJo Provided $154,000 of services on account. HoJo Incurred $19,600 of other operating expenses on account. HoJo Collected $49,000 cash from the account receivable created in Event 4. HoJo Paid $12,600 cash to purchase supplies. Treat this transaction as Operating Expenses paid. HoJo Collected $98,000 cash from the account receivable created in Event 4. HoJo Received $30,800 cash in advance for services to be performed in the future. 6/27/20199:27 PM HoJo Performed 90.0% of the services agreed to in Event 9. REQUIRED Record the preceding transactions in the horizontal statements model. Also, in the Cash Flows column, classify the cash flows as operating activities (OA), investing activities (IA), or financing activities (FA). See "Horizontal Statements Model" file on TritonEd for guidance
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