:>roblem 3-27A R ecordingevents in a statements model and I-accounts a preparing a trial balance f he following acco unting eve nts a pply to Parks Co. for the yea r 201 1: !\sset Source Transactions

I. Began o pera ti o ns when th e business acq uired S 20.000 cash from th e iss ue stock. 2. Performed services and co llecte d cash of S, 1 000. 3. Co llec te d $4,500 of cash in advance for services to be provided over th e next 12 4. Provided SI 2.000 of service s o n account. 5. Purchased supp lies of $420 on acco unt. Asset Exchange Transactions 6. Pur c hased S4.000 of land for cash. 7. Collec ted S8.500 of cas h from account s receivable. 8. Purchased $500 of supp lies wi th cas h. 9. Pa id S3.600 in advance for one year's rent.