Two part equation. First part is 2018 sheet second part is 2019 sheet.

Alcorn Service Company was formed on January 1, 2018 Events Affecting the 2018 Accounting Period 1. Acquired $68,000 cash from the issue of common stock 2. Purchased $2,800 of supplies on account. 3. Purchased land that cost $34,000 cash 4. Paid $2,800 cash to settle accounts payable created in Event 2. 5. Recognized revenue on account of $58,000. 6. Paid $29,000 cash for other operating expenses. 7. Collected $46,000 cash from accounts receivable. Information for 2018 Adjusting Entries 8. Recognized accrued salaries of $4,000 on December 31, 2018. 9. Had $1,000 of supplies on hand at the end of the accounting period. Events Affecting the 2019 Accounting Period 1. Acquired $28,000 cash from the issue of common stock 2. Paid $4,000 cash to settle the salaries payable obligation. 3 Paid $6.000 cash in advance to lease office snace Check m Events Affecting the 2019 Accounting Period 1. Acquired $28,000 cash from the issue of common stock. 2. Pald $4,000 cash to settle the salaries payable obligation 3. Paid $6,000 cash in advance to lease office space. 4. Sold the land that cost $34,000 for $34,000 cash. 5. Received $7.200 cash in advance for services to be performed in the future. 6. Purchased $1,800 of supplies on account during the year 7. Provided services on account of $40,000 8. Collected $41,000 cash from accounts receivable 9. Paid a cash dividend of $7,000 to the stockholders. 10. Pald other operating expenses of $27,500 Information for 2019 Adjusting Entries 11. The advance payment for rental of the office space (see Event 3) was made on March 1 for a one-year term 12. The cash advance for services to be provided in the future was collected on October 1 (see Event 5). The one-year contract started on October 1 13. Had $1,100 of supplies remaining on hand at the end of the period 14. Recognized accrued salaries of $4,700 at the end of the accounting period 15. Recognized $1,200 of accrued interest revenue Required Identify each event affecting the 2018 and 2019 accounting periods as asset source (AS), asset use (AU), asset exchange (AE), or Record the effects of each event under the appropriate general ledger account headings of the accounting equation. Complete this question by entering your answers in the tabs below Acc Equ 2018 E Acc Equ 2019 Identify each event affecting the 2018 accounting periods as asset source (AS), asset use (AU), asset exchange (AE), or claims exchange (CE). under the appropriate general ledger account headings of the accounting equation. (Do not round intermediate calculations. Enter any decrease sign.) ALCORN SERVICE COMPANY Accounting Equation for 2018 Assets Liabilities ccounts Salaries Unearned Type + Stockholders' Equity Event Accounts repaid Required information ALCORN SERVICE COMPANY Accounting Equation for 2018 Type Assets +Stockholders' Equity Accounts Salaries UnearnedCommon Retained Stock Earnings Liabilities Eventof Event Cash Prepaid | Land Receivable Supplies Prepaid Payable Payable Revenue 2 3. 5. 6. 8. 9. Totals Check my work Required information Acc Equ 2018 Acc Equ 2019 Identify each event affecting the 2019 accounting periods as asset source (AS), asset use (AU), asset exchange (AE), or claims exchang e (CE).I appropriate general ledger account headings of the accounting equation. (Do not round intermediate calculations. Enter any decreases to accour ALCORN SERVICE COMPANY Accounting Equation for 2019 Assets Liabilities + Stockholders' E Interest Accounts SalariesUnearned Common Ret ble Payable Revenue Event of Event Accounts Supplies Rent Prepaid Land Cash Receivable Stock Receivable Bal. 2. 3. 4. 5. 6. 121 of 6 Next > Pr Help Save &Exit Submit Check my work Required information 3. 6. 8 10 12. 13 14 15. Totals Alcorn Service Company was formed on January 1, 2018 Events Affecting the 2018 Accounting Period 1. Acquired $68,000 cash from the issue of common stock 2. Purchased $2,800 of supplies on account. 3. Purchased land that cost $34,000 cash 4. Paid $2,800 cash to settle accounts payable created in Event 2. 5. Recognized revenue on account of $58,000. 6. Paid $29,000 cash for other operating expenses. 7. Collected $46,000 cash from accounts receivable. Information for 2018 Adjusting Entries 8. Recognized accrued salaries of $4,000 on December 31, 2018. 9. Had $1,000 of supplies on hand at the end of the accounting period. Events Affecting the 2019 Accounting Period 1. Acquired $28,000 cash from the issue of common stock 2. Paid $4,000 cash to settle the salaries payable obligation. 3 Paid $6.000 cash in advance to lease office snace Check m Events Affecting the 2019 Accounting Period 1. Acquired $28,000 cash from the issue of common stock. 2. Pald $4,000 cash to settle the salaries payable obligation 3. Paid $6,000 cash in advance to lease office space. 4. Sold the land that cost $34,000 for $34,000 cash. 5. Received $7.200 cash in advance for services to be performed in the future. 6. Purchased $1,800 of supplies on account during the year 7. Provided services on account of $40,000 8. Collected $41,000 cash from accounts receivable 9. Paid a cash dividend of $7,000 to the stockholders. 10. Pald other operating expenses of $27,500 Information for 2019 Adjusting Entries 11. The advance payment for rental of the office space (see Event 3) was made on March 1 for a one-year term 12. The cash advance for services to be provided in the future was collected on October 1 (see Event 5). The one-year contract started on October 1 13. Had $1,100 of supplies remaining on hand at the end of the period 14. Recognized accrued salaries of $4,700 at the end of the accounting period 15. Recognized $1,200 of accrued interest revenue Required Identify each event affecting the 2018 and 2019 accounting periods as asset source (AS), asset use (AU), asset exchange (AE), or Record the effects of each event under the appropriate general ledger account headings of the accounting equation. Complete this question by entering your answers in the tabs below Acc Equ 2018 E Acc Equ 2019 Identify each event affecting the 2018 accounting periods as asset source (AS), asset use (AU), asset exchange (AE), or claims exchange (CE). under the appropriate general ledger account headings of the accounting equation. (Do not round intermediate calculations. Enter any decrease sign.) ALCORN SERVICE COMPANY Accounting Equation for 2018 Assets Liabilities ccounts Salaries Unearned Type + Stockholders' Equity Event Accounts repaid Required information ALCORN SERVICE COMPANY Accounting Equation for 2018 Type Assets +Stockholders' Equity Accounts Salaries UnearnedCommon Retained Stock Earnings Liabilities Eventof Event Cash Prepaid | Land Receivable Supplies Prepaid Payable Payable Revenue 2 3. 5. 6. 8. 9. Totals Check my work Required information Acc Equ 2018 Acc Equ 2019 Identify each event affecting the 2019 accounting periods as asset source (AS), asset use (AU), asset exchange (AE), or claims exchang e (CE).I appropriate general ledger account headings of the accounting equation. (Do not round intermediate calculations. Enter any decreases to accour ALCORN SERVICE COMPANY Accounting Equation for 2019 Assets Liabilities + Stockholders' E Interest Accounts SalariesUnearned Common Ret ble Payable Revenue Event of Event Accounts Supplies Rent Prepaid Land Cash Receivable Stock Receivable Bal. 2. 3. 4. 5. 6. 121 of 6 Next > Pr Help Save &Exit Submit Check my work Required information 3. 6. 8 10 12. 13 14 15. Totals