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+ 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...
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....
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...
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...
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...
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...
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...
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...
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....
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...
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....
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 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: 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....
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