2 2.5 points eBook Ask Print References Chapter 02 (Static) Comprehensive Problem LO 2-1, 2-2, 2-3, 2-4, 2-5, 2-6, 2-7, 2-8, 2-9, 2-10, 2-11, 2-12 The trial balance of Pacilio Security Services, Incorporated as of January 1, Year 2, was as follows: Cash Land Notes Payable Common Stock Retained Earnings. During Year 2, Pacilio Security Services experienced the following transactions: $ 8,500 4,000 5,000 6,000 1,500 1. Acquired an additional $2,000 from the issue of common stock. 2. Paid $3,000 on the debt owed to the Small Business Government Agency. The loan is interest-free. 3. Performed $21,000 of security services for numerous local events during the year; $15,000 was on account and $6,000 was cash. 4. On May 1, rented a small office building. Paid $2,400 for 12 months' rent in advance. 5. Purchased supplies on account for $650. 6. Paid salaries expense for the year of $8,000. 7. Incurred other operating expenses on account, $6,200. 8. On September 1, Year 2, a customer paid $600 for services to be provided over the next six months. 9. Collected $13,500 of accounts receivable during the year. 10. Paid $5,800 on accounts payable. 11. Paid $1,500 of advertising expenses for the year. 12. Paid a cash dividend to the shareholders of $1,000. 13. The market value of the land was determined to be $5,000 at December 31, Year 2. Check my work

Chapter 02 (Static) Comprehensive Problem LO 2-1, 2-2, 2-3, 2-4, 2-5, 2-6, 2-7, 2-8, 2-9, 2-10, 2-11, 2-12 The thal belance of Pocilio Security Services, Incorporated as of January 1. Year 2, was as follows: During Year 2, Pacilio Security Sorvicen expotienced the following transactions: 1. Acquired on additional $2,000 from the issue of common stock 2. Paid $3,000 on the detat owed to the Sinail Business Government Agoncy. The loan is interest-free. 3. Performed $21,000 of security semices for numerous local events during the year, $15,000 was or account and $6.000 was caun 4. On Miny 1 , rented in small office building. Paid $2,400 for 12 mionths' tent in actvance. 5. Purchased supplies on account for 5650 6. Paid salares expense, for the year of 58,000 7. Incurred other operating expenses on account, $6.200 8. On September 1, Year 2. A customer paid 5600 for services to be provided over the next aix monthe 9. Collected $13,500 of occounts teceivable during the yeat 10. Paid $5.800 on accounts payable. 11. Paid $1,500 or advertising expenses for the year 12. Pnid a foth a widend to the shareholders of $1000. 13. The markgt value of the land was detemined to be $5,000 at December at. Yoa Z. Chapter 02 (Static) Comprehensive Problem LO 2-1, 2-2, 2-3, 2-4, 2-5, 2-6, 2-7, 2-8, 2-9, 2-10, 2-11, 2-12 The thal belance of Pocilio Security Services, Incorporated as of January 1. Year 2, was as follows: During Year 2, Pacilio Security Sorvicen expotienced the following transactions: 1. Acquired on additional $2,000 from the issue of common stock 2. Paid $3,000 on the detat owed to the Sinail Business Government Agoncy. The loan is interest-free. 3. Performed $21,000 of security semices for numerous local events during the year, $15,000 was or account and $6.000 was caun 4. On Miny 1 , rented in small office building. Paid $2,400 for 12 mionths' tent in actvance. 5. Purchased supplies on account for 5650 6. Paid salares expense, for the year of 58,000 7. Incurred other operating expenses on account, $6.200 8. On September 1, Year 2. A customer paid 5600 for services to be provided over the next aix monthe 9. Collected $13,500 of occounts teceivable during the yeat 10. Paid $5.800 on accounts payable. 11. Paid $1,500 or advertising expenses for the year 12. Pnid a foth a widend to the shareholders of $1000. 13. The markgt value of the land was detemined to be $5,000 at December at. Yoa Z