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Yard Professionals Inc, experienced the following events in 2018, Its first year of operation: 1. Performed counseling services for $26,500 cash. 2. Purchased $7,200 of

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Yard Professionals Inc, experienced the following events in 2018, Its first year of operation: 1. Performed counseling services for $26,500 cash. 2. Purchased $7,200 of supplies on account. 3. A physical count on December 31, 2018, found that there was $1,510 of supplies on hand. Required Based on this information alone: a. Record the events under an accounting equation. b. Prepare an income statement, balance sheet, and statement of cash flows for the 2018 accounting period. c. What is the balance in the Supplies account as of January 1, 2019? d. What is the balance in the Supplies Expense account as of January 1, 2019? 1. Performed counseling services for $26,500 cash. 2. Purchased $7,200 of supplies on account. 3. A physical count on December 31, 2018, found that there was $1,510 of supplies on hand. Required Based on this information alone: a. Record the events under an accounting equation. b. Prepare an income statement, balance sheet, and statement of cash flows for the 2018 accounting period. c. What is the balance in the Supplies account as of January 1, 2019? d. What is the balance in the Supplies Expense account as of January 1, 2019? Complete this question by entering your answers in the tabs below. Req A Req B1 Inc Stint Req B2 Bal Sheet Req B3 CF Stmt Reqs C and D Prepare the statement of cash flows for the 2018 accounting period. + YARD PROFESSIONALS INC. Statement of Cash Flows For the Year Ended December 31, 2018 Cash flows from operating activities Net cash flow from operating activities Cash flows from investing activities Cash flows from financing activities Net change in cash Ending cash balance Yard Professionals Inc. experienced the following events in 2018, Its first year of operation: 1. Performed counseling services for $26,500 cash. 2. Purchased $7,200 of supplies on account. 3. A physical count on December 31, 2018, found that there was $1,510 of supplies on hand. Required Based on this information alone: a. Record the events under an accounting equation. b. Prepare an income statement, balance sheet, and statement of cash flows for the 2018 accounting period. c. What is the balance in the Supplies account as of January 1, 2019? d. What is the balance in the Supplies Expense account as of January 1, 2019? Complete this question by entering your answers in the tabs below. Req A Req B1 Inc Stmt Req B2 Bal Sheet Req B3 CF Stmt Reqs C and D What is the balance in the Supplies account as of January 1, 2019? What is the balance in the Supplies Expense accou January 1, 2019? c. Supplies d. Supplies expense

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