The trial balance of Pacilio Security Services, Incorporated 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 Paid the salaries payable from Year 2 Paid the balance of $2,000 on the debt owed to the Small Business Government Agency The loan is interest free Performed $32,000 of security services for numerous local events during the year $21,000 was on account and $11,000 was for cash On May 1, paid $3,000 for 12 months rent in advance Purchased supplies on account for $700 Paid salaries expense for the year of $9,000 Incurred other operating expenses on account, $4,200 On October 1, Year 3, a customer paid $1,200 for services to be provided over the next 12 months Collected $19,000 of accounts receivable during the year Paid $5,950 on accounts payable Paid $1,800 of advertising expenses for the year Paid a cash dividend to the shareholders of $4,650 The market value of the land was determined to be $5,500 at December 31, Year 3 Adjustments There was $120 of supplies on hand at the end of the year Recognized the expired rent Recognized the earned revenue from Year 2 and transaction number 8 Accrued salaries were $1,000 at December 31, Year 3 Requirement General Journal General Ledger Trial Balance Income Statement Changes in SE Balance Sheet Statement of CF Analysis 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 Year 3 Balance Sheet Income Statement Net Liabilities S Equity Revenue Expenses Income Statement of Cash Flows Transaction Assets 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17

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The trial balance of Pacilio Security Services, Incorporated as of January 1, Year 3, had the following normal balances: Cash $8,900 Accounts Receivable 1,500 Supplies

The trial balance of Pacilio Security Services, Incorporated 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:

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

Adjustments

There was $120 of supplies on hand at the end of the year.
Recognized the expired rent.
Recognized the earned revenue from Year 2 and transaction number 8.
Accrued salaries were $1,000 at December 31, Year 3.

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Requirement General Journal General Ledger Trial Balance Income Statement Changes in SE Balance Sheet Statement of CF Analysis 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 - Year 3 Balance Sheet Income Statement Net = Liabilities + S. Equity Revenue Expenses Income Statement of Cash Flows Transaction Assets 1. 2. 3 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15 16. 17.