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The following events pertain to Super Cleaning Company: Acquired $ 1 6 , 4 0 0 cash from the issue of common stock. Provided $
The following events pertain to Super Cleaning Company:
Acquired $ cash from the issue of common stock.
Provided $ of services on account.
Provided services for $ cash.
Received $ cash in advance for services to be performed in the future.
Collected $ cash from the account receivable created in Event
Paid $ for cash expenses.
Performed $ of the services agreed to in Event
Incurred $ of expenses on account.
Paid $ cash in advance for oneyear contract to rent office space.
Paid $ cash on the account payable created in Event
Paid a $ cash dividend to the stockholders.
Recognized rent expense for nine months' use of office space acquired in Event
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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