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Yard Professionals Inc. experienced the following events in 2018, its first year of operation: 1. Performed services for $35,000 cash 2. Purchased $6,000 of supplies

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Yard Professionals Inc. experienced the following events in 2018, its first year of operation: 1. Performed services for $35,000 cash 2. Purchased $6,000 of supplies on account 3. A physical count on December 31, 2018, found that there was $1,800 of supplies on hand Based on this information alone: a. b. Prepare an income statement, c. What is the balance in the Supplies account as of January 1, 2019? d. What is the balance in the Supplies Expense account as of January 1, 2019? balance sheet, and statement of cash flows for the 2018 accounting period Complete this question by entering your answers in the tabs below. Req B1 Inc Req B2 BalReg B3 CF Reos Cand D Req B1 Inc R Req A Sheet Stmt Stmt Record the events under an accounting equation. (Enter any decreases to account balances with a minus sign.) YARD Effect of Events on the Accounting Equation Assets Event Retained Supplies a Cash 1 P ed supplies Totals Req B1 Inc Stmt >

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