Check my w Hart Attorney at Law, experienced the following transactions in Yeart the first year of operations 1. Accepted $19.400 on April Yeart as a retainer for services to be performed evenly over the next 12 months 2. Performed legal services for cash of $61.500 3. Purchased $100 of office supplies on account 4. Paid $945 of the amount due on accounts payable S. Pald a cash dividend to the stockholders of $4.500 6. Paid cash for operating expenses of $19.800 7. Determined that at the end of the accounting period $125 of office supplies remained on hand B. On December 31 Year 1 recognized the revenue that had been earned for services performed in accordance with Transaction Required Show the effects of the events on the financial statements using the following horizontal statements model in the Cash Flows column use OA to designate operating activity. FA for financing activity, IA for investing activity or NC for not change in cash the elementis not affected by the event, leave the cel blank. The first event has been recorded as an example. Do not round intermediate calculations. Enter any decreases to account balances and cash outflows with a minus sign. Not all cells will require entry) A HART, ATTORNEY AT LAW Effect of Transactions on the Financial sements for Year alance Sheet Incoment Stockhobor Equity Account Uncame Retained Payable Reve 19,400 amante ENE Betis 19.400 04 2 3 . 5 3. On December 31, Year 1. recognized the revenue that had been earned for services performed in accordance with Transaction Required Show the effects of the events on the financial statements using the following horizontal statements model in the Cash Flows column, use OA to designate operating activity. FA for financing activity, IA for investing activity, or NC for net change in cash of the elementis not affected by the event, leave the cell blank. The first event has been recorded as an example. (Do not round intermediate calculations. Enter any decreases to account balances and cash outflows with a minus sign. Not all cells will require entry) Aurets HART, ATTORNEY AT LAW Effect of Transactions on the Financial Statements for Your Balance Sheet Income woment Liabilities Stockholders Equity Accounts Unearned Retained Payable Revenue Revenue Earning Expense Net Income 19 400+ Statement of Clan Flow Event No Cash + Supplies 1. 19.400 - 19.400OA 2 3 4 B 7 8 Total