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Yard Professionals Inc. experienced the following events in 2018, its first year of operation: 1. Performed counseling services for $16,500 cash. 2. Purchased $6,200 of

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Yard Professionals Inc. experienced the following events in 2018, its first year of operation: 1. Performed counseling services for $16,500 cash. 2. Purchased $6,200 of supplies on account. 3. A physical count on December 31, 2018, found that there was $1,260 of supplies on hand. 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. 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? & Answer is complete but not entirely correct. 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 Reas Cand D What is the balance in the Supplies account as of January 1, 2019? What is the balance in the Supplies Expense account as of January 1, 2019? Supplies Supplies expense $ S 1,260 4940

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