3.) fix the incorrect on each and please format clearly for each sheet.

Return to question 3 Hart, Attorney at Law, experienced the following transactions in Yeart the first year of operations 1. Accepted $19.400 on April 1, Year 1, as a retained for services to be performed evenly over the next 12 months 2. Performed legal services for cash of $61,500 3. Purchased $1,050 of office supplies on account 4. Paid $945 of the amount due on accounts payable 5. Paid a cash dividend to the stockholders of $4,500 6. Pald cash for operating expenses of $19,800 7. Determined that at the end of the accounting period $125 of office supplies remained on hand 8. On December 31, Year 1, recognized the revenue that had been eamed for services performed in accordance with Transaction 1 Required Show the effects of the events on the financial statements using the following horizontal statements model in the Cash Flows column use OA to designate operating activity, FA for financing activity, IA for investing activity or NC for net change in cash. If the woment is not affected by the event, leave the cell blank. The first event has been recorded as an example (Do not round Intermediate calculations. Enter any decreases to account balances and cash outflows with a minus sign. Not all cells will require entry) Answer is not complete HART, ATTORNEY AT LAW Effect of Transactions on the Financial Statement sort Balance Sheet Lates stockholders Equy Accounts Uneared Ratained - Haven Rovanie Payable Emine 10.400 Asset Expense Cal Supplies 430 CA NA 1 19.000 Return to ton use OA to designate operating activity, FA for financing activity, IA for investing activity of NC for not change in cash. If the elementis not affected by the event, leave the cell blank. The first event has been recorded as an example. (Do not round Intermediate calculations. Enter any decreases to account balances and cash outflows with a minus sign. Not all cells will require entry) Supplies 18.400 + Even ha 1 2 3 19.400 61,500 Answer is not complete. HARE ATTORNEY AT LAW Effect of Transactions on the Financial Statement for uw 1 Bance Sheet La Stockholder Equity Account Unane + Retained Payat Rev R aming 19.400 . 61.500 61.500 1.050 - + 1945). 14.500 ( 10 1925 (14550 14 AND 14.50 105 4.850 S02 78.650 et 50 e 1 100 1050 (945) 14.500) 119,000) HOTA (10.001 O O SOCO 14 550 6 7 E- 1905 14450 06.1981 - 1925) + MEN - 125 To - - 55 655