The trial balance of Pacilio Security Services, Inc. as of January 1, Year 3, had the following normal balances:

Cash	$	8,900
Accounts Receivable		1,500
Supplies		65
Prepaid Rent		800
Land		4,000
Accounts Payable		1,050
Unearned Revenue		200
Salaries Payable		1,200
Notes Payable		2,000
Common Stock		8,000
Retained Earnings		2,815

During Year 3, Pacilio Security Services experienced the following transactions:

1. Paid the salaries payable from Year 2.
2. Paid the balance of $2,000 on the debt owed to the Small Business Government Agency. The loan is interest-free.
3. Performed $32,000 of security services for numerous local events during the year; $21,000 was on account and $11,000 was for cash.
4. On May 1, paid $3,000 for 12 months rent in advance.
5. Purchased supplies on account for $700.
6. Paid salaries expense for the year of $9,000.
7. Incurred other operating expenses on account, $4,200.
8. On October 1, Year 3, a customer paid $1,200 for services to be provided over the next 12 months.
9. Collected $19,000 of accounts receivable during the year.
10. Paid $5,950 on accounts payable.
11. Paid $1,800 of advertising expenses for the year.
12. Paid a cash dividend to the shareholders of $4,650.
13. The market value of the land was determined to be $5,500 at December 31, Year 3.

Adjustments

14. There was $120 of supplies on hand at the end of the year.
15. Recognized the expired rent.
16. Recognized the earned revenue from Year 2 and transaction no. 8.
17. Accrued salaries were $1,000 at December 31, Year 3.

• Requirement
• General Journal tab - Prepare the journal entries to record transactions (1) through (13). Then prepare the necessary adjusting entries (14) through (17) to correctly report net income for the period. Then record the closing entries (18) through (20) as of December 31, Year 3.

General Trial Balance Statement Ledger General Journal StamentAnalysis IncomeChanges i Requirement SE Sheet of CF General Journal tab Prepare the journal entries to record transactions (1) through (13). Then prepare the necessary adjusting entries (14) through (17) to correctly report net income for the period. Then record the closing entries (18) through (20) as of December 31, Year 3 General Ledger tab Each journal entry is posted automatically to the general ledger Trial Balance tab - The ending balance values from the General Ledger tab flows through to the Trial Balance tab Income Statement tab - Use the drop-down to select the accounts properly included on the income statement. Statement of Changes in Stockholders' Equity tab -Prepare the statement of changes in stockholders' equity for the year ended December 31, Year 3 Balance Sheet tab Prepare a classified Balance Sheet at December 31, Year 3 Statement of Cash flows Prepare the statement of cash flow for year ended December 31, Year 3 Analysis tab - Use a horizontal statements model to show how each transaction affects the balance sheet, income statement, and statement of cash flows Requirement General Journal> Requirement GeneraGeneral Balance Income Changes in Balance Statement Analysis Journal Ledger SE Sheet of CF Prepare the journal entries to record transactions (1) through (13). Then prepare the necessary adjusting entries (14) through (17) to correctly report net income for the period. Then record the closing entries (18) through (20) as of December 31, Year 3. (If no entry is required for a transaction, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Paid the salaries payable from Year 2. Note: Enter debits before credits Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal General Ledger> Requirement Joural Ledger Income Changes in Balance Statement Analysis al BalanceI SE of CF Each journal entry is posted automatically to the general ledger. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Unadjusted General Ledger Account Accounts receivable Debit Jan 01 8,900 Jan 01 1,500 Prepaid rent Debit Jan 01 Jan 01 Accounts payable Debit Debit Jan 01 4.000 Jan 01 1050 Salaries payable Debit Debit Jan 01 1200 Jan 01 Notes payable Common stock Debit Debit Jan 01 2.,000 Jan 01 8,000 Debit Jan 01 2815 Income Changes in Balance Statement Requirement Joural Ledger al Balance SE Sheet of CF Analysis The ending balance values from the General Ledger tab flows through to the Trial Balance below. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Year 2018 represents Year 3 from the problem Unadjusted Pacilio Security Trial Balance December 31, 2019 Account Title Debit Credit Cash 8, Accounts receivable Prepaid rent Land Accounts payable Salaries payable Uneaned revenue Notes payable Common stock Retained eamings 2, 8, 2,81 Total 5,285 General Ledger Income Statement> General General Trial Balance Statement Changes in Balance SE Statement Analysis of CF Analysis Requirement Journal Ledger Choose the appropriate accounts to be reported on the income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection Unadjusted Pacilio Security Services, Inc. Income Statement For the Year Ended December 31, Year 3 Revenues Total Revenues Expenses Total Expenses Trial Balance Changes in SE Income Changes in Balance Statement Statement General General Requirement Joural Ledger al BalanceI SE Sheet of CF Analysis Prepare the statement of changes in stockholders' equity for the year ended December 31, Year 3. You will need to determine and enter the accounts and balances to prepare the Statement of Changes in Stockholders Equity. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Unadjusted Statement of Changes in For the Year Ended Equity 31, Year 3 Beginning Common Stock Ending Common Stock Beginning Retained Eamings Ending Retained Earnings Total Stockholders Equity 2815 2,815 Income Statement Balance Sheet Income Changes inBalance S Statement Analysis General General Requirement Joural Ledger rial Balance Statement of CF The balance sheet is the accounting equation: Assets Liabilities Equity. Each asset and liability account is reported eparately on the balance sheet. Choose the appropriate accounts to be reported on the balance sheet. The unadjusted adjusted, or post-closing balances will appear for each account, based on your selection. Unadjusted Pacilio Security Services, Inc. Balance Sheet At December 31, Year 3 Assets Liabilities Stockholders Equity Changes in SE Statement of CF > Statement Analysis Income Changes in Balace S Statement General General Requirement Joural Ledger of CF Prepare the statement of cash flow for year ended December 31, Year 3. (Amounts to be deducted should be indicated with a minus sign.) Pacilio Security Services, Inc. Statement of Cash Flows For the Year Ended December 31, Year 3 Cash flows from operating activities: Net cash flow from operating activities Cash flows from investing activities: Net cash flow from investing activities Cash flows from financing activities: Net cash flow from financing activities Ending cash balance Balance Sheet Analysis Analysis Income Changes in Balance Statement al Balance Statement of CF Sheet Requirement Joural Ledger 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. Indicate whether the transaction increases (+), decreases (-), or increases and decreases +) for each element of the financial Effect of Transactions on Financial Statements- Year 3 Income Statement Statement of Cash Balance Sheet Transaction Assets LiabilitiesS. Equity Revenue 10. 12. 13. 15. 16. 17 Statement of CF