The trial balance of Pacilio Security Services Inc. as of January 1, 2017, had the following normal balance

Cash	$	78,972
Petty Cash		100
Accounts Receivable		33,440
Supplies		160
Prepaid Rent		3,200
Merchandise Inventory (23 @ $280)		6,440
Land		4,000
Accounts Payable		250
Salaries Payable		1,400
Common Stock		50,000
Retained Earnings		74,662

During 2017 Pacilio Security Services experienced the following transactions:
1.	Paid the salaries payable from 2016.
2.	Paid $4,800 on March 1, 2017, for one years lease in advance on the company van.
3.	Paid $8,400 on May 2, 2017, for one years office rent in advance.
4.	Purchased $550 of supplies on account.
5.	Paid cash to purchase 105 alarm systems at a cost of $285 each.
6.	Pacilio has noticed its accounts receivable balance is growing more than desired and some collection problems exist. It appears that uncollectible accounts expense is approximately 3 percent of total credit sales. Pacilio has decided it will, starting this year, adopt the allowance method of accounting for uncollectible accounts. It will record an adjusting entry to recognize the estimate at the end of the year.
7.	In trying to collect several of its delinquent accounts, Pacilio has learned that these customers have either declared bankruptcy or moved and left no forwarding address. These uncollectible accounts amount to $1,900.
8.	Sold 110 alarm systems for $63,800. All sales were on account. (Compute cost of goods sold using the FIFO cost flow method.)
9.	Paid the balance of the accounts payable.
10.	Pacilio began accepting credit cards for some of its monitoring service sales. The credit card company charges a fee of 4 percent. Total monitoring services for the year were $68,000. Pacilio accepted credit cards for $24,000 of this amount. The other $44,000 was sales on account.
11.	On July 1, 2017, Pacilio replenished the petty cash fund. The fund contained $21 of currency and receipts of $50 for yard mowing, $22 for office supplies expense, and $9 for miscellaneous expenses.
12.	Collected the amount due from the credit card company.
13.	Paid installers and other employees a total of $45,000 cash for salaries.
14.	Collected $116,800 of accounts receivable during the year.
15.	Paid $9,500 of advertising expense during the year.
16.	Paid $5,200 of utilities expense for the year.
17.	Paid a dividend of $20,000 to the shareholders.
Adjustments
18.	There was $250 of supplies on hand at the end of the year.
19.	Recognized the expired rent for both the van and the office for the year.
20.	Recognized the uncollectible accounts expense for the year using the allowance method.
21.	Accrued salaries at December 31, 2017, were $2,100.

Indicate whether the transaction increases (+), decreases (), or increases and decreases (+/-) for each element of the financial statements. Also, in the Cash Flow column, use the letters OA to designate operating activity, IA for investing activity, FA for financing activity. The first transaction is recorded as an example.

Pacilio Security Services, Inc.
Effect of Transactions on Financial Statements - 2017
Transaction	Balance Sheet					Income Statement					Statement of Cash Flows
	Assets	=	Liabilities	+	S. Equity	Revenue		Expenses	=	Net Income
1.												OA
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8b.
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