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Yard Designs (YD) experienced the following events in 2018, its first year of operation: 1. On October 1, 2018, YD collected $21,600 for consulting services
Yard Designs (YD) experienced the following events in 2018, its first year of operation: 1. On October 1, 2018, YD collected $21,600 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 B1 Inc Stmt Req B2 Bal Sheet Req B3 CF Stmt Req A Req C 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 AssetsLiabilities Stockholders ul Retained Earnings Event Cash Unearned Revenue Event Adjusting
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