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The following events pertain to Super Cleaning Company: 1. Acquired $16,100 cash from the issue of common stock. 2. Provided $14,100 of services on
The following events pertain to Super Cleaning Company: 1. Acquired $16,100 cash from the issue of common stock. 2. Provided $14,100 of services on account. 3. Provided services for $5,100 cash. 4. Received $3,500 cash in advance for services to be performed in the future. 5. Collected $10,100 cash from the account receivable created in Event 2. 6. Paid $6,100 for cash expenses. 7. Performed $1,750 of the services agreed to in Event 4. 8. Incurred $2,600 of expenses on account. 9. Paid $1,650 cash in advance for one-year contract to rent office space. 10. Paid $2,250 cash on the account payable created in Event 8. 11. Paid a $2,600 cash dividend to the stockholders. 12. Recognized rent expense for nine months' use of office space acquired in Event 9. Required Show the effects of the events on the financial statements using a horizontal statements model like the following one. In the Statement of Cash Flows column, use the letters OA to designate operating activity, IA for investing activity, FA for financing activity, and NC for net change in cash. The first event is recorded as an example. (Do not round intermediate calculations. Enter any decreases to account balances and cash outflows with a minus sign. Not all cells require input.)
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