Yard Designs (YD) experienced the following events in 2018, its first year of operation: 1. On October 1, 2018, YD collected $54,000 for consulting services it agreed to provide during the next 12 months. 2. Adjusted the accounts to reflect the amount of consulting service revenue recognized in 2018. 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. Ignoring all other future events, what is the amount of service revenue that would be recognized in 2019? Complete this question by entering your answers in the tabs below. ReqA Req B1 Inc Req B2 Bal Req B3 CF Stmt Sheet Stmt Reqc Record the events under an accounting equation. (Do not round intermediate calculations. Enter any decreases to account balances with a minus sign.) YARD DESIGNS Accounting Equations for the Year 2018 Stockholders' Assets Liabilities Equity Event Retained Cash Unearned Revenue Earnings Event Adjusting Req B1 Inc Stmt > Yard Designs (YD) experienced the following events in 2018, its first year of operation: 1. On October 1, 2018, YD collected $54,000 for consulting services it agreed to provide during the next 12 months. 2. Adjusted the accounts to reflect the amount of consulting service revenue recognized in 2018. 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. Ignoring all other future events, what is the amount of service revenue that would be recognized in 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 Reqc Prepare an income statement for the 2018 accounting period. Do not round intermediate calculations. YARD DESIGNS Income Statement For the Year Ended December 31, 2018 Req A Req B1 Inc Stmt Req B2 Bal Sheet Req B3 CF Stmt Reqc ces Prepare a balance sheet for the 2018 accounting period. (Do not round intermediate calculatio YARD DESIGNS Balance Sheet As of December 31, 2018 Assets Total assets Liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity 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 c. Ignoring all other future events, what is the amount of service revenue that would 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 Reqc Prepare the statement of cash flows for the 2018 accounting period. (Do not round inter YARD DESIGNS 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 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. Ignoring all other future events, what is the amount of service revenue that would be recognized in 2019? Complete this question by entering your answers in the tabs below. Reg A Req B1 Inc Req B2 Bal Req B3 CF Stmt Sheet Stmt Reqc Ignoring all other future events, what is the amount of service revenue that would be recognized in 2019? (Do not round intermediate calculations.). Service revenue to be recognized in 2019
