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Solve the following statement model using the given information on Super Cleaning Company. The followlng events pertaln to Super Cleanlng Company: 1. Acqulred S15.800 cosh
Solve the following statement model using the given information on Super Cleaning Company.
The followlng events pertaln to Super Cleanlng Company: 1. Acqulred S15.800 cosh from the Issue of common stock 2. Provlded $13,800 of servlces on account 3 Provlded servlces for $4,800 cosh. 4. Recelved $3,200 cosh In advance for servlces to be performed In the future. Collected Sg,800 cosh from the account recelveOIe created In Event 2. 6. Pold $5,800 for cash expenses 7 Performed Sl,600 of the seMces agreed to In Event 4 8. Incurred S2,300 of expenses on account Pold $1,500 cosh In advance for one-year contract to rent office spece_ 10. Pold $1,950 cash on the account payable creeled In Event 8_ It Pold $2,300 cash C'vldene to the stockholders. 12. Recognlzed rent expense for mne months' use of office space acqulred In Event g. Requlred: Show the effects of the events on the financlal statements uslng horlzontal statements model Ilke the followlng one In the Statement of Cash Flows column. use the letters OA to deslgnate operetlng ecllvlty, IA for Investlng actlvlty, FA for finenclng octlvlty, end NC for net change In cash The first event Is recorded as an exemple Note: Do not round Intermediate celculetlons. Enter any decreases to account balance; end cash outflows wlth a mlnus slgn. Not o th e Sta all cells requlre Input. 15,800 E ffect of Emts Sheet Liabilitiu Prepaid Equity Retai 15,800 15,800 Net of Cash F 1m 15,800 15,800
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