Raylan recelved a $63.500 cash advance payment on June 1, Year 1 , for consulting services to be performed in the future. Services were to be provided for a one-year term beginning June 1, Year 1. Required a. \& b. Record the June 1 cash receipt in T-accounts and the adjustment required as of December 31, Year 1 . c. Show the preceding transaction and related adjustment in a horizontal statements model. d1. Determine the amount of net income on the Year 1 income statement. d2. What is the amount of net cash flow from operating activities for Year 1 ? e. What amount of liabilities would Raylan report on the Year 1 balance sheet? Complete this question by entering your answers in the tabs below. Pecord the June 1 cash receipt in T-accounts and the adjustment required as of December 31, Year 1 . (Do not round intermediate calculations. Round your answers to the nearest dollar amount.) Raylan received a $63.500 cash advance poyment on June 1. Year 1 , for consulting services to be performed in the future. Services were to be provided for a one year term beginning Jane 1, Yeat 1. Required a. 8 b. Record the June 1 cish receipt in T-accounts and the adjustment required as of December 31, Year L. c. Show the precesing trinsaction and related adjintment in a horizontal statements model. d1. Deterinine the amount of net income on the Year 1 income statement. d2. What is the andourt of net cash flow from operating activities for Year 1 ? e. Whak amount of labaties wosld Raylan report on the Year 1 balance sheet? Conplete this question by entering your answers in the tabs below. Raylan received a $63,500 cash advance payment on June 1, Year 1, for consulting services to be performed in the future. Services were to be provided for a one-year term beginning June 1 , Year 1 . Required a. \& b. Record the June 1 cash receipt in T-accounts and the adjustment required as of December 31. Year 1. c. Show the preceding transaction and related adjustment in a horizontal statements model. d1. Determine the amount of net income on the Year 1 income statement. d2. What is the amount of net cash flow from operating activities for Year 1 ? e. What amount of llabilities would Raylan report on the Year 1 balance sheet? Complete this question by entering your answers in the tabs below. Determine the amount of net income on the Year 1 income statement. (Do not round intermediate calculations. Round your final answers to the nearest dollar amount.) Required o. \& b. Record the June 1 cash receipt in T-accounts and the adjustment required as of December 31, Year 1. c. Show the preceding transaction and related adjustment in a horizontal statements model. d1. Determine the amount of net income on the Year 1 income statement. d2. What is the amount of net cash flow from operating activities for Year 1 ? e. What amount of llabilities would Raylan report on the Year 1 balance sheet? Complete this question by entering your answers in the tabs below. What is the amount of net cash flow from operating activities for Year 17 (Do not round intermediate calculations. Round your final answers to the nearest dollar amount.) Raylan received a $63,500 cash advance payment on June 1, Year 1 , for consulting services to be performed in the future. Services: were to be provided for a one-year term beginning June 1, Year 1. Required a. \& b. Record the June 1 cash receipt in T-accounts and the adjustment required as of December 31 , Year 1. c. Show the preceding transaction and related adjustment in a horizontal statements model. d1. Determine the amount of net income on the Year 1 income statement. d2. What is the amount of net cash flow from operating activities for Year 1 ? e. What amount of liabilities would Raylan report on the Year 1 balance sheet? Complete this question by entering your answers in the tabs below. What amount of llabilities would Raylan report on the Year 1 balance sheet? (Do not round intermediate calculations, Round your final answer to the nearest dollar amount.)
