The following events pertain to Super Cleaning Company: 1. Acquired $16,300 cash from the issue of common stock. 2. Provided $14,300 of services on account. 3. Provided services for $5,300 cash. 4. Received $3,700 cash in advance for services to be performed in the future. 5. Collected $10,300 cash from the account receivable created in Event 2. 6. Paid $6,300 for cash expenses. 7. Performed $1,850 of the services agreed to in Event 4. 8. Incurred $2,800 of expenses on account. 9. Paid $1,750 cash in advance for one-year contract to rent office space. 0. Paid $2,450 cash on the account payable created in Event 8. 11. Paid a $2,800 cash dividend to the stockholders. 2. 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 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. If an account is not affected by the event, leave the cell blank. 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 every cell will require entry.) Required Show the effects of the events on the financial statements using a horizontal statements model like the following one. In the 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. If an account is not affected by the event, leave the cell blank. 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 every cell will require entry.) Event No. Assets Accounts . Cash * Receivable * 16,300 + SUPER CLEANING COMPANY Effect of Events on the Financial Statements Liabilities Stockholders' Equity Accounts . Unearned Common . Retained Payable * Revenue Stock * Earnings 16,300 + Prepaid Rent Income Statement - Expenses Revenue + IIIIIII + + + + + + + + + + + + + + IIIIIIIIIIII + + + + 12. + Bal. 16,300 + 0 + 0 + 0 + 16,300 + 0 0- SUPER CLEANING COMPANY Effect of Events on the Financial Statements Liabilities + Stockholders' Equity Accounts Unearned Common Retained Payable Revenue Stock Earnings 16,300 + Income Statement Revenue - Expenses = Net Income Prepaid Rent Statement of Cash Flows + 16,300 FA + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + 0 = 0 + 0 + 16,300 + 001- 0 16,300 + +