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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.
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. 10. Paid $2,450 cash on the account payable created in Event 8. 11. Paid a $2,800 cash dividend to the stockholders. 12. Recognized rent expense for nine months' use of office space acquired in Event 9. Required: Use a horizontal financial statements model to show how each event affects the balance sheet, income statement, and statement of cash flows. More specifically, record the amounts of the events into the model. Also, in the Statement of Cash Flows column, classify the cash flows as operating activities (OA), investing activities (IA), or financing activities (FA). The first event is recorded as an example. Note: Round your final answers to the nearest whole dollar. Enter any decreases to account balances and cash outflows with a minus sign. Leave cells blank if no input is needed
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