{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-29T01:09:41-04:00", "answer_date": "2024-05-29 01:09:41", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1868079", "url": "\/study-help\/questions\/yard-designs-yd-experienced-the-following-events-in-year-1-1868079", "question_creation_date_js": "2024-05-29T01:09:41-04:00", "question_creation_date": "May 29, 2024 01:09 AM", "meta_title": "[Solved] Yard Designs (YD) experienced the followi | SolutionInn", "meta_description": "Answer of - Yard Designs (YD) experienced the following events in Year 1, its first year of operation 1. On October 1, Year 1, YD | SolutionInn", "meta_keywords": "yard,designs,yd,experienced,events,year,1,first,operation,october,collected,$54,000", "question_title_h1": " Yard Designs (YD) experienced the following events in Year 1, its first year of operation 1. On October 1, Year 1, YD collected $54,000", "question_title": " Yard Designs (YD) experienced the following events in Year 1, its", "question_title_for_js_snippet": "Yard Designs (YD) experienced the following events in Year 1, its first year of operation 1 On October 1, Year 1, YD collected $54,000 for consulting services it agreed to provide during the coming year 2 Adjusted the accounts to reflect the amount of consulting service revenue recognized in Year 1 Required Based on this information alone a Record the events under an accounting equation (Enter any decreases to account balances with a minus sign ) YARD DESIGNS Accounting Equations for the Year 1 Stockholders Assets Liabilities Equity Event Unearned Retained Cash Revenue Earnings Advance payment Revenue earned 0 b Prepare an income statement, balance sheet, and statement of cash flows for the Year 1 accounting period (In statement of cash flows, cash outflows should be indicated with a minus sign ) YARD DESIGNS Income Statement For the Year Ended December 31, Year 1 $", "question_description": "\"image\"image\"image", "transcribed_text": "Yard Designs (YD) experienced the following events in Year 1, its first year of operation 1. On October 1, Year 1, YD collected $54,000 for consulting services it agreed to provide during the coming year 2. Adjusted the accounts to reflect the amount of consulting service revenue recognized in Year 1 Required Based on this information alone a. Record the events under an accounting equation. (Enter any decreases to account balances with a minus sign.) YARD DESIGNS Accounting Equations for the Year 1 Stockholders Assets Liabilities Equity Event Unearned Retained Cash Revenue Earnings Advance payment Revenue earned 0- b. Prepare an income statement, balance sheet, and statement of cash flows for the Year 1 accounting period (In statement of cash flows, cash outflows should be indicated with a minus sign.) YARD DESIGNS Income Statement For the Year Ended December 31, Year 1 $", "related_book": { "title": "Cost Accounting A Managerial Emphasis", "isbn": "978-0133428858, 133428850, 133428702, 978-0133428704", "edition": "15th edition", "authors": "Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/301.jpg", "uri": "\/textbooks\/cost-accounting-a-managerial-emphasis-15th-edition-301", "see_more_uri": "" }, "free_related_book": { "isbn": "9048173094", "uri": "\/textbooks\/arthropod-diversity-and-conservation-1st-edition-978-9048173099-240241", "name": "Arthropod Diversity And Conservation", "edition": "1st Edition" }, "question_posted": "2024-05-29 01:09:41", "see_more_questions_link": "\/study-help\/questions\/business-economics-2023-September-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/environmental-economics\/suppose-there-are-two-identical-forest-plots-except-that-one-1279570", "description": "Suppose there are two identical forest plots except that one will be harvested and left as is while the second will be cleared after the harvest and turned into a housing development. 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