Required information [The following information applies to the questions displayed below] Alcorn Service Company was formed on January 1, 2018. Events Affecting the 2018 Accounting Period 1. Acquired $73,000 cash from the issue of common stock. 2. Purchased $3,800 of supplies on account 3. Purchased land that cost $44,000 cash. 4. Paid $3,800 cash to settle accounts payable created in Event 2 5. Recognized revenue on account of $68,000. 6. Paid $34,000 cash for other operating expenses. 7. Collected $51,000 cash from accounts receivable. Information for 2018 Adjusting Entries 8. Recognized accrued salaries of $4,500 on December 31, 2018. 9. Had $1,500 of supplies on hand at the end of the accounting period. Events Affecting the 2019 Accounting Period 1. Acquired $33,000 cash from the issue of common stock. 2. Paid $4,500 cash to settle the salaries payable obligation. eus u esee i eJuenpe u 45r 0s2 MIND