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The following events apply to Lewis and Harper, a public accounting firn 1. Performed $79,500 of services for clients on account. 2. Performed $47,000 of
The following events apply to Lewis and Harper, a public accounting firn 1. Performed $79,500 of services for clients on account. 2. Performed $47,000 of services for cash. 3. Incurred $42,000 of other operating expenses on account. 4. Paid $18,500 cash to an employee for salary. 5. Collected $60,000 cash from accounts receivable. 6. Paid $24,000 cash on accounts payable. 7. Paid a $6,000 cash dividend to the stockholders. 8. Accrued salaries were $3,400 at the end of Year 1 . LEWIS AND HARPER Horizontal Statements Model For Accounting Year 1 Req B to F>
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