analysis sheet plz! :)

the analysis sheet (should be the last picture)

View transaction list X: 1 Paid the salaries payable from Year 6. 2 Paid $4,800 on March 1, Year 7, for one year's lease in advance on the company van. 3 Paid $8,400 on May 2, Year 7, for one year's office rent in advance. 4 Purchased $550 of supplies on account. 5 Paid cash to purchase 105 alarm systems at a cost of $285 each. View transaction list OX: x X: 6 Pacilio has noticed its accounts receivable balance is growing more than desired and some collection problems exist. It appears that uncollectible accounts expense is approximately 3 percent of total credit sales. Pacilio has decided it will, starting this year, adopt the allowance method of accounting for uncollectible accounts. It will record an adjusting entry to recognize the estimate at the end of the year. 7 In trying to collect several of its delinquent accounts, Pacilio has learned that these customers have either declared bankruptcy or moved and left no forwarding address. These uncollectible accounts amount to $1,900. 8 Sold 110 alarm systems for $63,800. All sales were on account. View transaction list OX: 9 Record the cost of goods sold related to the sale from Event 8 using the FIFO method. 10 Paid the balance of the accounts payable. 11 Pacilio began accepting credit cards for some of its monitoring service sales. The credit card company charges a fee of 4 percent. Total monitoring services for the year were $68,000. Pacilio accepted credit cards for $24,000 of this amount. The other $44,000 was sales on account. 12 On July 1, Year 7, Pacilio replenished the petty cash fund. The fund contained $21 of currency and receipts of $50 for yard mowing, $22 for office supplies expense, and $9 for miscellaneous expenses. View transaction list .: 1.1 X 13 Collected the amount due from the credit card company. 14 Paid installers and other employees a total of $45,000 cash for salaries. 15 Collected $116,800 of accounts receivable during the year. 16 Paid $9,500 of advertising expense during the year. 17 Paid $5,200 of utilities expense for the year. 18 Paid a dividend of $20,000 to the shareholders. 19 There was $250 of supplies on hand at the end of the year. View transaction list x X year. 25 20 Recognized the expired rent for both the van and the office for the year. 21 Recognized the uncollectible accounts expense for the year using the allowance method. 22. Accrued salaries at December 31, Year 7, were $2,100. Cr 23 Record the closing entry for the reven enue accounts. 24 Record the closing entry for the expense accounts. 25 Record the closing entry for dividends account. Note : - journal entry has been entered Indicate whether the transaction increases (+), decreases (-), or increases and decreases (+/-) for each element of the financial statements. Also, in the Cash Flow column, use the letters OA to designate operating activity, IA for investing activity, FA for financing activity. The first transaction is recorded as an example. Pacllio Security Services, Inc. Effect of Transactions on Financial Statements. Year 7 Balance Sheet Income Statement Net Transaction Assets - Liabilities. S. Equity Revenue Expenses Income 1. Statement of Cash Flows 2 4. 5. 6 7 8. 9. 10 11 12 13 14 15 16 17 18 19 20 21. The trial balance of Pacilio Security Services, Inc. as of January 1, Year 7 had the following normal balances: Cash Petty cash Accounts Receivable Supplies Prepaid Rent Merchandise Inventory (23e $280) Land Accounts Payable Salaries Payable Common Stock Retained Earnings $78,972 100 33,440 160 3,200 6,440 4,000 250 1,400 50,000 74,662 During Year 7. Pacitio Security Services experienced the following transactions: 1. Paid the salaries payable from Year 6. 2. Paid $4.800 on March 1, Year 7 for one year's lease in advance on the company van. 3. Paid $8,400 on May 2, Year 7 for one year's office rent in advance. 4. Purchased $550 of supplies on account 5. Paid cash to purchase 105 alarm systems at a cost of $285 each. 6. Pacilio has noticed its accounts receivable balance is growing more than desired and some collection problems exist. It appears that uncollectible accounts expense is approximately 3 percent of total credit sales. Pacilio has decided it will, starting this year, adopt the allowance method of accounting for uncollectible accounts. It will record an adjusting entry to recognize the estimate at the end of the year. 7. In trying to collect several of its delinquent accounts, Pacilio has learned that these customers have either declared bankruptcy or moved and left no forwarding address. These uncollectible accounts amount to $1.900. 8. Sold 110 alarm systems for $63,800. All sales were on account. 9. Record the cost of goods sold related to the sale from Event 8 using the FIFO method. 10. Paid the balance of the accounts payable. 11. Pacillo began accepting credit cards for some of its monitoring service sales. The credit card company charges a fee of 4 percent. Total monitoring services for the year were $68,000, Pacilo accepted credit cards for $24,000 of this amount. The other $44.000 was sales on account 12. On July 1. Year 7. Pacilio replenished the petty cash fund. The fund contained $21 of currency and receipts of $50 for yard mowing, $22 for office supplies expense, and $9 for miscellaneous expenses. 13. Collected the amount due from the credit card company. Check my work 14. Paid installers and other employees a total of $45.000 cash for salaries. 15. Collected $116.800 of accounts receivable during the year. 16. Paid $9,500 of advertising expense during the year. 17. Paid $5,200 of utilities expense for the year 18. Paid a dividend of $20,000 to the shareholders. Adjustments 19. There was $250 of supplies on hand at the end of the year. 20. Recognized the expired rent for both the van and the office for the year. 21. Recognized the uncollectible accounts expense for the year using the allowance method. 22. Accrued salaries at December 31, Yo ar 7. were $2,100. Requirement ournal Trial Balance Statement General General Income Changes in Balance Statement Ledger SE Sheet of CF Analysis Indicate whether the transaction increases (*), decreases (-), or increases and decreases (+/-) for each element of the financial statements. Also, in the Cash Flow column, use the letters OA to designate operating activity, IA for investing activity, FA for financing activity. The first transaction is recorded as an example, Pacilio Security Services, Inc. Effect of Transactions on Financial Statements. Year Balance Sheet Income Statement = Liabilities. S. Equity Revenue Net Expenses - Income Statement of Cash Flows Transaction Assets 1. Indicate whether the transaction increases (+), decreases (-), or increases and decreases (+/-) for each element of the financial statements. Also, in the Cash Flow column, use the letters OA to designate operating activity, IA for investing activity, FA for financing activity. The first transaction is recorded as an example. Pacilio Security Services, Inc. Effect of Transactions on Financial Statements - Year 7 Balance Sheet Income Statement Statement of Cash NH Transaction Assets - Liabilities S. Equity Revenue - Expenses Flows Income 1. 2 3 - 4 5. 41 6 - . 7 8 . 9 10 11 12 13 14 15 16 17 18 19 20 21