Required: revabion Complete this question by enteriog veat nuswers in the tabs betow. aperopriase general ledaer account heafings of the accounting wquison. Required information [The following information applies to the questions displayed below] Alcorn Service Company was formed on January 1, Year 1. Events Affecting the Year 1 Accounting Period 1. Acquired $67,000 cash from the issue of common stock. 2. Purchased $2.600 of supplies on account. 3. Purchased land that cost $32,000 cash 4. Paid $2,600 cash to settle accounts payable created in Event 2 5. Recognized revenue on account of $56.000 6. Paid $28,000 cash for other operating expenses. 7. Collected $45,000 cash from accounts receivable Information for Year 1 Adjusting Entries 8. Recognized accrued salaries of $3,900 on December 31 , Year 1 9 . Had $900 of supplies on hand at the end of the accounting period Events Affecting the Yeor 2 Accounting Period 1. Acquired $27,000 cash from the issue of common stock 2. Pald $3,900 cash to settle the salarles payable obligation 3. Paid $5,700cash in advance to lease office space 4. Sold the land that cost $32,000 for $32,000 cash 5. Received $6,900 cash in advance for services to be performed in the future 6. Purchased $1,700 of supplies on account during the year: 7. Provided services on account of $39,000 8. Collected $40,000 cash from accounts receivable 9. Paid a cash dividend of $6,000 to the stockhoiders: 10. Paid other operating expenses of $26,500. Information for Year 2 Adjusting Entries 11. The advance payment for rental of the office space (see Event 3) was made on March 1 for a one-year term. 12. The cash advance for services to be provided in the future was collected on October 1 (see Event 5). The one-year contract started on October 1 13. Had $1,000 of supplies remaining on hand at the end of the period. 14. Recognized accrued salaries of $4,600 at the end of the accounting period. 15. Recognized $1,100 of accrued interest revenue