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Yard Professionals Inc, experienced the following events in Year 1 , its first year of operation: 1. Performed services for $19,500 cash. 2. Purchased $6,600

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Yard Professionals Inc, experienced the following events in Year 1 , its first year of operation: 1. Performed services for $19,500 cash. 2. Purchased $6,600 of supplies on account. 3. A physical count on December 31, Year 1, found that there was $1,280 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 Year 1 accounting period. c. What is the balance in the Supplles account as of January 1, Year 2? d. What is the balance in the Supplies Expense account as of January 1, Year 2? Complete this question by entering your answers in the tabs below. Record the events under an accounting equation. (Not all cells require input. Enter any decreases to account balances with a minus sign.) Yard Professionals Inc. experienced the following events in Year 1, its first year of operation: 1. Performed services for $19,500 cash. 2. Purchased $6,600 of supplies on account. 3. A physical count on December 31, Year 1, found that there was $1,280 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 Year 1 accounting period. c. What is the balance in the Supplies account as of January 1, Year 2 ? d. What is the balance in the Supplles Expense account as of January 1, Year 2? Complete this question by entering your answers in the tabs below. Prepare an income statement for the Year 1 accounting period. Yard Professionds Inc. experienced the following events in Year 1, its first year of operation: 1. Performed services for $19,500 cash. 2. Purchased $6,600 of supplies on account. 3. A physical count on December 31, Year 1, found that there was $1,280 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 Year 1 accounting period. c. What is the balance in the Supplies account as of January 1 , Year 2? d. What is the balance in the Supplies Expense account as of January 1, Year 2? Complete this question by entering your answers in the tabs below. Prepare a balance sheet for the Year 1 accounting period. Yard Professionals inc. experienced the following events in Year 1 , its first year of operation: 1. Performed services for $19,500 cash. 2. Purchased $6,600 of supplies on account. 3. A physical count on December 31, Year 1, found that there was $1,280 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 Year 1 accounting period. c. What is the balance in the Supplies account as of January 1, Year 2? d. What is the balance in the Supplies Expense account as of January 1, Year 2? Complete this question by entering your answers in the tabs below. Prepare the statement of cash flows for the Year 1 accounting period. (Enter cash outflows with a minus sign.) Yard Professionals inc. experienced the following events in Year 1, its first year of operation: 1. Performed services for $19,500 cash. 2. Purchased $6,600 of supplies on account. 3. A physical count on December 31, Year 1, found that there was $1,280 of supplies on hand. Required Based on this information alone: a. Record the events under an accounting equation. b. Prepare on income statement, balance sheet, and statement of cash flows for the Year 1 accounting period. c. What is the balance in the Supplies account as of January 1, Year 2? d. What is the balance in the Supplies Expense account as of January 1, Year 2 ? Complete this question by entering your answers in the tabs below. What is the balance in the Supplies account as of January 1, Year 27 What is the balance in the Supplies Expense account as of January 1, Year 2

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