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The following events pertain to Super Cleaning Company: 1. Acquired $15,400 cash from the issue of common stock. 2. Provided $13,400 of services on account. 3. Provided services for $4,400 cash. 4. Received $2,800 cash in advance for services to be performed in the future. 5. Collected $9,400 cash from the account receivable created in Event 2. 6. Paid $5,400 for cash expenses. 7. Performed $1,400 of the services agreed to in Event 4. 8. Incurred $1,900 of expenses on...
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The following events pertain to Super Cleaning Company: 2:30 1. Acquired $15,000 cash from the issue of common stock, 2. Provided $13,000 of services on account. 3. Provided services for $4,000 cash. 4. Received $2,400 cash in advance for services to be performed in the future, 5. Collected $9,000 cash from the account receivable created in Event 2. 6. Pald $5,000 for cash expenses. 7. Performed $1.200 of the services agreed to in Event 4. 8. Incurred $1,500 of expenses...
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The following events pertain to Super Cleaning
Company:
Acquired $15,700 cash from the issue of common stock.
Provided $13,700 of services on account.
Provided services for $4,700 cash.
Received $3,100 cash in advance for services to be performed in
the future.
Collected $9,700 cash from the account receivable created in
Event 2.
Paid $5,700 for cash expenses.
Performed $1,550 of the services agreed to in Event 4.
Incurred $2,200 of expenses on account.
Paid $1,450 cash in advance for one-year...
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The following events pertain to Super Cleaning Company 6 0:38:52 1 Acquired $15,800 cash from the issue of common stock 2. Provided $13,800 of services on account 3. Provided services for $4,800 cash 4. Received $3,200 cash in advance for services to be performed in the future. 5. Collected $9,800 cash from the account receivable created in Event 2 6. Paid $5,800 for cash expenses 7. Performed $1.600 of the services agreed to in Event 4 8. Incurred $2,300 of...
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The following events pertain to Super Cleaning Company 1. Acquired $16.100 cash from the issue of common stock 2. Provided $14.100 of services on account. 3. Provided services for $5300 cash 4. Received $3,500 cash in advance for services to be performed in the future. 5. Collected $10,100 cash from the account receivable created in Event 2 6. Paid $6,100 for cash expenses. 7. Performed $1,750 of the services agreed to in Event 4. 8. Incurred $2,600 of expenses on...
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+ Event No. Income Statement SUPER CLEANING COMPANY Effect of Events on the Financial Statements Liabilities Stockholders' Equity Accounts Unearned Common Retained Payable Revenue Stock Earnings 15,400 + Assets Accounts Receivable Cash + Prepaid Rent + Revenue Expenses N 1. 15,400 + + + 2. + + + + + + + + + 3. 4. + + + + + + + 5. + + 6. + + + 7. + 8. + + 9. + + 10. +...
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Recording events in a horizontal statements model The following
events pertain to Super Cleaning Company:
1. Acquired $10,000 cash from the issue of common stock. 2.
Provided $15,000 of services on account. 3. Provided services for
$5,000 cash. 4. Received $2,800 cash in advance for services to be
performed in the future. 5. Collected $12,200 cash from the account
receivable created in Event 2. 6. Paid $1,900 for cash expenses. 7.
Performed $1,400 of the services agreed to in Event...
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2,000 cash from the issue of common stock Cordell Inc, experienced the following events in 2018, its first year of operation: 1. Received $52,000 cash from the issue of common stock. 2. Performed services on account for $80,000 3. Pald a $5,200 cash dividend to the stockholders. 4. Collected $58,000 of the accounts receivable. 5. Paid $52,000 cash for other operating expenses. 6. Performed services for $16,000 cash. 7. Recognized $2,200 of accrued utilities expense at the end of the...
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Expert Computers was started in Year 1. The company experienced the following accounting events during its first year of operation: 1. Started business when it acquired $40,000 cash from the issue of common stock. 2. Purchased merchandise with a list price of $32,000 on account, terms 2/10, n/30. 3. Pald off one-half of the accounts payable balance within the discount period. 4. Sold merchandise on account for $28,000. Credit terms were 120, 1/30. The merchandise had cost Expert Computers $16,000....
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Milo Clothing experienced the following events during 2018, its
first year of operation:
Acquired $18,500 cash from the issue of common stock.
Purchased inventory for $6,500 cash.
Sold inventory costing $3,900 for $6,630 cash.
Paid $950 for advertising expense.
Required
Record the events in a horizontal statement model. In the Cash
Flow column, use OA to designate operating activity, IA for
investment activity, FA for financing activity, or NC for net
change in cash. If the element is not affected...
The following events pertain to Super Cleaning Company: 1. Acquired $15,400 cash from the issue of common stock. 2. Provided $13,400 of services on account. 3. Provided services for $4,400 cash. 4. Received $2,800 cash in advance for services to be performed in the future. 5. Collected $9,400 cash from the account receivable created in Event 2. 6. Paid $5,400 for cash expenses. 7. Performed $1,400 of the services agreed to in Event 4. 8. Incurred $1,900 of expenses on...
The following events pertain to Super Cleaning Company: 2:30 1. Acquired $15,000 cash from the issue of common stock, 2. Provided $13,000 of services on account. 3. Provided services for $4,000 cash. 4. Received $2,400 cash in advance for services to be performed in the future, 5. Collected $9,000 cash from the account receivable created in Event 2. 6. Pald $5,000 for cash expenses. 7. Performed $1.200 of the services agreed to in Event 4. 8. Incurred $1,500 of expenses...
The following events pertain to Super Cleaning Company 6 0:38:52 1 Acquired $15,800 cash from the issue of common stock 2. Provided $13,800 of services on account 3. Provided services for $4,800 cash 4. Received $3,200 cash in advance for services to be performed in the future. 5. Collected $9,800 cash from the account receivable created in Event 2 6. Paid $5,800 for cash expenses 7. Performed $1.600 of the services agreed to in Event 4 8. Incurred $2,300 of...
The following events pertain to Super Cleaning Company 1. Acquired $16.100 cash from the issue of common stock 2. Provided $14.100 of services on account. 3. Provided services for $5300 cash 4. Received $3,500 cash in advance for services to be performed in the future. 5. Collected $10,100 cash from the account receivable created in Event 2 6. Paid $6,100 for cash expenses. 7. Performed $1,750 of the services agreed to in Event 4. 8. Incurred $2,600 of expenses on...
+ Event No. Income Statement SUPER CLEANING COMPANY Effect of Events on the Financial Statements Liabilities Stockholders' Equity Accounts Unearned Common Retained Payable Revenue Stock Earnings 15,400 + Assets Accounts Receivable Cash + Prepaid Rent + Revenue Expenses N 1. 15,400 + + + 2. + + + + + + + + + 3. 4. + + + + + + + 5. + + 6. + + + 7. + 8. + + 9. + + 10. +...
2,000 cash from the issue of common stock Cordell Inc, experienced the following events in 2018, its first year of operation: 1. Received $52,000 cash from the issue of common stock. 2. Performed services on account for $80,000 3. Pald a $5,200 cash dividend to the stockholders. 4. Collected $58,000 of the accounts receivable. 5. Paid $52,000 cash for other operating expenses. 6. Performed services for $16,000 cash. 7. Recognized $2,200 of accrued utilities expense at the end of the...
Expert Computers was started in Year 1. The company experienced the following accounting events during its first year of operation: 1. Started business when it acquired $40,000 cash from the issue of common stock. 2. Purchased merchandise with a list price of $32,000 on account, terms 2/10, n/30. 3. Pald off one-half of the accounts payable balance within the discount period. 4. Sold merchandise on account for $28,000. Credit terms were 120, 1/30. The merchandise had cost Expert Computers $16,000....
Milo Clothing experienced the following events during 2018, its
first year of operation:
Acquired $18,500 cash from the issue of common stock.
Purchased inventory for $6,500 cash.
Sold inventory costing $3,900 for $6,630 cash.
Paid $950 for advertising expense.
Required
Record the events in a horizontal statement model. In the Cash
Flow column, use OA to designate operating activity, IA for
investment activity, FA for financing activity, or NC for net
change in cash. If the element is not affected...