The following events pertain to Super Cleaning Company:

1. Acquired $16,000 cash from the issue of common stock.
2. Provided $14,000 of services on account.
3. Provided services for $5,000 cash.
4. Received $3,400 cash in advance for services to be performed in the future.
5. Collected $10,000 cash from the account receivable created in Event 2.
6. Paid $6,000 for cash expenses.
7. Performed $1,700 of the services agreed to in Event 4.
8. Incurred $2,500 of expenses on account.
9. Paid $1,600 cash in advance for one-year contract to rent office space.
10. Paid $2,150 cash on the account payable created in Event 8.
11. Paid a $2,500 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.

SUPER CLEANING COMPANY Effect of Events on the Financial Statements Balance Sheet Income Statement Assets = Event No. Liabilities + Revenue Statement of Cash Expenses = Net Income Flows Uneamed Cash Accounts Receivable + Prepaid Rent = Accounts Payable + + Stockholders' Equity Common Retained Stock Ea mings 16,000 + Revenue 1. 16,000 + + + + 16,000 FA 2. + + + + + 3. + + + + + 4. + + + + + 5. + + + + + = 6. + + + + 7. + + + + 8. + + + + + 9. + + + + 10. + + + + 11. + + + + + + 12. + + + + Bal. 16,000 + 0 + 0 = 0 + 0+ 16,000 + 0 0 0 = 0 16,000