I need the following accounting problems solved please.

Exercise 215A Prepaid items on financial statements Life, Inc., experienced the following events in 2016, its first year of operation: 1. Performed counseling services for $36,000 cash. 2. On February 1, 2016, paid $18,000 cash to rent office space for the coming year. 3. Adjusted the accounts to reflect the amount of rent used during the year. Required Based on this information alone: a. Record the events under an accounting equation. TABLE PROVIDED BELOW EXERCISE 215A a. Life, Inc. Effect of Events on the Accounting Equation Event 1. Performed Services 2. Prepaid Rent 3. Used Rent Totals * Assets Prepaid Cash Rent 36,000 (18,000) 18,000 (18,000) 18,000 0 = Stockholders' Equity = = Retained Earnings 36,000 NA (18,000) 18,000 b. Prepare an income statement, balance sheet, and statement of cash flows for the 2016 accounting period. Life, Inc. Income Statement For the Year Ended December 31, 2016 Revenue Expense 36,000 18,000 Net Income 18,000 Life, Inc. Balance Sheet As of December 31, 2016 Assets Cash Prepaid Rent Total Assets 36,000 18,000 54,000 Liabilities (18,000) Stockholders' Equity Retained Earnings Total Stockholders' Equity Total Liab. and Stockholders' Equity EXERCISE 215A b. (cont.) Life, Inc. Statement of Cash Flows For the Year Ended December 31, 2016 Cash Flows From Operating Activities: Cash Receipt from Revenue Cash Payment for Rent Net Cash Flow from Operating Activities Cash Flows From Investing Activities Cash Flows From Financing Activities: Net Change in Cash Plus: Beginning Cash Balance Ending Cash Balance c. Ignoring all other future events, what is the amount of rent expense that would be recognized in 2017? EXERCISE 219A Exercise 2-19A on page 111 Exercise 2-19A Supplies, unearned revenue, and the financial statements model Hart, Attorney at Law, experienced the following transactions in 2016, the first year of operations: 1. Accepted $36,000 on April 1, 2016, as a retainer for services to be performed evenly over the next 12 months. 2. Performed legal services for cash of $54,000. 3. Purchased $2,800 of office supplies on account. 4. Paid $2,400 of the amount due on accounts payable. 5. Paid a cash dividend to the stockholders of $5,000. 6. Paid cash for operating expenses of $31,000. 7. Determined that at the end of the accounting period $200 of office supplies remained on hand. 8. On December 31, 2016, recognized the revenue that had been earned for services performed in accordance with Transaction 1. Required Show the effects of the events on the financial statements using a horizontal statements model like the following one. In the Cash Flows column, use the initials OA to designate operating activity, IA for investing activity, FA for financing activity, and NC for net change in cash. Use NA to indicate accounts not affected by the event. The first event has been recorded as an example. Event Assets 5 Liabilities 1 Stk. Equity No. Cash 1 Supplies 5 Accts. Pay 1 Unearn. Rev. 1 Ret. Earn. Rev. 2 Exp. 5 Net Inc. Cash Flow 1. 36,000 1 NA 5 NA 1 36,000 1 NA NA 2 NA 5 NA 36,000 OA TABLE PROVIDED BELOW Hart Attorney At Law Effect of Transactions on the Financial Statements for 2016 Balance Sheet = Assets + Accts. No. 1. 2. 3. 4. 5. 6. 7. 8. Totals Cash + Supplies = Payable + + + + + + + + 51,60 + 0 = = = = = = = = 200 = + S. Equity Une Retained + Earnings arn. Rev . + + + + + + + + 400 + + + + + + + + + 9,00 + 0 Rev = 42,400 81,000 Net Inc. Statement of Cash Flows = = = = = = = = 33,600 = 47,400 51,60 0 NC EXERCISE 227A Exercise 2-27A Effect of accounting events on the income statement and statement of cash flows Required Explain how each of the following events or series of events and the related adjusting entry will affect the amount of net income and the amount of cash flow from operating activities reported on the year-end financial statements. Identify the direction of change (increase, decrease, or NA) and the amount of the change. Organize your answers according to the following table. The first event is recorded as an example. If an event does not have a related adjusting entry, record only Cash Flows from Net Income Operating Activities Event/ Direction of Amount of Direction of Amount of Adjustment Change Change Change Change a NA NA Decrease $9,000 Adj Decrease $2,250 NA NA a. Paid $9,000 cash on October 1 to purchase a one-year insurance policy. b. Purchased $2,000 of supplies on account. Paid $500 cash on accounts payable. The ending balance in the Supplies account, after adjustment, was $300. c. Provided services for $10,000 cash. d. Collected $2,400 in advance for services to be performed in the future. The contract called for services to start on May 1 and to continue for one year. e. Accrued salaries amounting to $5,600. f. Sold land that cost $3,000 for $3,000 cash. g. Acquired $15,000 cash from the issue of common stock. h. Earned $12,000 of revenue on account. Collected $8,000 cash from accounts receivable. i. Paid cash operating expenses of $4,500. e. Paid cash for rent expense. f. Performed services for cash. g. Performed services for clients on account. h. Collected cash from accounts receivable. i. Received cash for services to be performed in the future. j. Purchased land with cash. TABLE PROVIDED BELOW Event/Adj. a. Event Adj. b. Event Adj. b. Event No adj. d. Event Adj. e. Event No adj. f. Event No adj. f. Event No adj. g. Event No adj. h. Event Net Income Direction of Amount of Change Change Cash Flow from Operating Activities Direction of Amount of Change Change No adj