+ Event No. Income Statement SUPER CLEANING COMPANY Effect of Events on the Financial Statements Liabilities...
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...
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...
The following events pertain to Super Cleaning Company 1. Acquired $15.700 cash from the issue of common stock 2. Provided $13,700 of services on account 3. Provided services for $4700 cash 4. Received $3,100 cash in advance for services to be performed in the future 5. Collected $9700 cash from the account receivable created in Event 2 6. Paid $5,700 for cash expenses. 7. Performed $1.550 of the services agreed to in Event 4 8. Incurred $2.200 of expenses on...
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: 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...
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 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...
Alcorn Service Company was formed on January 1, Year 1. Events Affecting the Year 1 Accounting Period 1. Acquired $79,000 cash from the issue of common stock. 2. Purchased $5,000 of supplies on account. 3. Purchased land that cost $56,000 cash. 4. Paid $5,000 cash to settle accounts payable created in Event 2. 5. Recognized revenue on account of $80,000. 6. Paid $40,000 cash for other operating expenses. 7. Collected $57,000 cash from accounts receivable. Information for Year 1 Adjusting...
Alcorn Service Company was formed on January 1, 2018. Events Affecting the 2018 Accounting Period 1. Acquired $74,000 cash from the issue of common stock. 2. Purchased $4,000 of supplies on account. 3. Purchased land that cost $46,000 cash. 4. Paid $4,000 cash to settle accounts payable created in Event 2 5. Recognized revenue on account of $70,000. 6. Paid $35.000 cash for other operating expenses. 7. Collected $52.000 cash from accounts receivable. Information for 2018 Adjusting Entries 8. Recognized...
what do each of the four major financial statements present Saved Required information [The following information applies to the questions displayed below.] Alcorn Service Company was formed on January 1, 2018. Events Affecting the 2018 Accounting Period 1. Acquired $77,000 cash from the issue of common stock. 2. Purchased $4,600 of supplies on account. 3. Purchased land that cost $52,000 cash. 4. Paid $4,600 cash to settle accounts payable created in Event 2. 5. Recognized revenue on account of $76,000....