WU-National& Global and Wes Workshop Two Assignment O ezt -08567779536633134 1528675095936 Problem 2-32 Recording events in a horizontal statements model LO 2-1,2 The following events pertain to James Cleaning Company 1 Acquired $15,000 cash from the issue of common stock 2. Provided services for $6,000 cash. 3. Provided $18,000 of services on account. 4. Collected $11,000 cash from the account receivable created in Event 3 5. Paid $1,400 cash to purchase supplies. 6. Had $100 of supplies on hand at the end of the accounting period 7. Received $3,600 cash in advance for services to be performed in the future. 8. Performed one-half of the services agreed to in Event 7 9. Paid $6,500 for salaries expense 10. Incurred $2,800 of other operating expenses on account 11. Paid $2,100 cash on the account payable created in Event 10 12. Paid a $1,000 cash dividend to the stockholders Required: Show the effects of the events on the financial statements using a horizontal statements model like the following one. In the Cash Flows column, use the letters OA to designate operating activity, IA for invest activity, FA for financing activity, NC for net change in cash and NA to indicate accounts not affected by event. The first event is recorded as an example. (Enter any decreases to account balances and cas outflows with a minus sign.) JAMES CLEA O Type here to search