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Required information [The followig information appies to the questions displayed below) At the begoning of Yoar 2, Ook Consuting had the fotlowing normal bolantes in
Required information [The followig information appies to the questions displayed below) At the begoning of Yoar 2, Ook Consuting had the fotlowing normal bolantes in as accounts: The following events apply to Ook Consulting for Year 2: 1. Provided $135,000 of services on account. 2. incurred $45,800 of opetating expenses on account. 3. Collected $140,000 of accounts receivable. 4. Paid $120,000 cash for salarios experse. 5. Paid $36400 cash as a patial piyment on accounts payable 6. Pird a $10,000cash dividend to the stockhelders. c. Show the boginning balances and the transactions in a honzontal statements modet. (Enter any decreases to account balances and cash outfows with a minus sign. In the Statement of Cash Flows column, use the initials of to designate operating activity, IA for investing activity, FA for financing activity, and NC for net change in cash. Not all cells require inpot.) 1. Provided $185,000 of services on account. 2. Incurred $45,800 of operating expenses on account. 3. Collected $140,000 of accounts receivable. 4. Paid $120,000 cash for salaries expense. 5. Paid $31,400 cash as a partial payment on accounts payable. 6. Paid a $10,000 cash dividend to the stockholders. c. Show the beginning balances and the transactions in a horizontal statements model. (Enter any decreases to account balances and cash outflows with a minus sign. In the Statement of Cash Flows column, use the initials OA to designate operating activity, IA for investing activity, FA for financing activity, and NC for net change in cash. Not all cells require input.)
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