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Purchased $ 1.500 of office supplies on account Accepted $36,000 on February 1, 3014. ee a retainer (or services to be performed evenly over the
Purchased $ 1.500 of office supplies on account Accepted $36,000 on February 1, 3014. ee a retainer (or services to be performed evenly over the next 12 months Performed legal services (or cash of $84,000. Paid cash far salaries expense of $32,000. Paid a cash dividend to the stockholders of $8,000. Paid $1, 200 of the amount due on accounts payable. Determined that at the end of the accounting period, $150 of office supplies remained on hand. On December 31, 2014. recognized the revenue that had been earned for service performed in accordance with Transaction 2. Required Show the effects of the events on the financial statements using a horizontal statements model like the following one In the Cash Flow column, use the initials OA to designate operating activity. IA for investing activity, FA for financing activity. NC for not change In cash and NA to indicate accounts not affected by the event The first event has been recorded as en example (Do not round Intermediate calculations. Enter any decreases to account balances and cash outflows with a minus sign.)
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