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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. Pr
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Answer #1
SUPER CLEANING COMPANY
Effect of Events on the Financial Statements
Balance Sheet Income Statement

Event

No.

Assets Liabilities Stockholders' Equity Revenue - Expenses = Net Income
Cash + accounts Receivable + Prepaid Rent = Account Payable + Unearned Revenue + Common Stock + Retained Earnings
1 15,800 + + = + + 15,800 = - =
2 + 13,800 + = + + = 13,800 - =
3 4,800 + + = + + = 4,800 - =
4 3,200 + + = + 3,200 + = - =
5 9,800 + (9,800) + = + + = - =
6 (5,800) + + = + + = - 5,800 =
7 + + = + (1,600) + = 1,600 - =
8 + + = 2,300 + + = - 2,300 =
9 (1,500) + + 1,500 = + + = - =
10 (1,950) + + = (1,950) + + = - =
11 (2,300) + + = + + = (2,300) - =
12 + + (1,125) = + + = - 1,125 =
22,050 + 4,000 + 375 = 350 + 1600 + 15,800 = (2,300) 20,200 - 9,225 = 10975

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