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The Mandalorian Company's (Mando) accounting records showed the following balances as December 8 Yeart Sre Assets Cash Accounts Receivable Land Totals $ 45,000 52,000 33,000

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The Mandalorian Company's (Mando) accounting records showed the following balances as December 8 Yeart Sre Assets Cash Accounts Receivable Land Totals $ 45,000 52,000 33,000 $130,000 Liabilities and Equity Accounts Payable Connon Stock Retained Earnings $ 25,00 29,000 The Mandalorian Company recorded the following accounting events in fiscal year 2 $230,000 Jan. Feb. Mar. 1 1 1 April 1 May 1 July 1 Sept. 1 Oct. 1 Dec. 31 Acquired $50,000 cash from the issue of cornion stock. Paid 55,400 cash in advance for a one-year lease for office space. Paid a $2,600 cash dividend to the stockholders Purchased additional land that cost $33,000 cash. Made a cash payment on accounts payable of $15,000. Received $7,800 cash in advance as a retainer for services to be perforation has over the bat Sold land for $24,000 cash that had originally cost 524,10. Purchased $970 of supplies on account. Earned $61,000 of service revenue on account during the year Received cash collections from accounts receivable amounting to $55,00 31 31 31 31 31 31 Incurred other operating expenses on account during the year that suited to $15,00 Recognized accrued salaries expense of $4,400. Had $120 of supplies on hand at the end of the period. The land purchased on April 1 had a nirket value of 530,000 Recognized $115 of accrued interest revenue Required the financial mantenicin the finalmente the period 1 had a market value of 530,000 $115 of accrued interest revenue. 30,00 Required Show the effects of the events on the financial statements using the following horizontal statements model: Al Questions pertanto the Year 2 financial statements, a. What two additional adjusting entries need to be made at the end of the year? b. What amount would Mando report for land on the balance sheet? c. What amount of net cash flow from operating activities would be reported on the statement of cash flow d. What amount of rent expense would be reported on the income statement? e. What amount of total liabilities would be reported on the balance sheet? f. What amount of supplies expense would be reported on the income statement? g. What amount of unearned revenue would be reported on the balance sheet? h. What amount of net cash flow from investing activities would be reported on the statement of cash tomt? i. What amount of total expenses would be reported on the income statement? j. What total amount of service revenue would be reported on the income statement? k. What amount of cash flows from financing activities would be reported on the statement of cath towe 1. What amount of net income would be reported on the income statement? m. What amount of retained eamings would be reported on the balance sheet Date Sved Cash Accounts Receivable Assets Prepaid Rent Supplies Hey Sot Bal. Jan. 1 Feb. 1 Mar. 1 Receivable Rocats Peale April 1 May 1 July 1 Sept. 1 Oct. 1 Dec. 31 Dec 31 Dec 31 Dec. 31 Dec 31 Dec. 31 Dec 31 Dec 31 Dec. 31 Bal. 707 F#

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