Question: Please do in order, thank you so much! Events for Year 2 1. Paid $6,000 cash for the salaries accrued at the end of the

Please do in order, thank you so much!  Please do in order, thank you so much! Events for Year
2 1. Paid $6,000 cash for the salaries accrued at the end
of the prior accounting period. 2. Performed services for cash of $57,000.
3. Purchased $4,600 of supplies on account. 4. Paid $15,900 cash in
advance for rent. The payment was for one year beginning April 1,
Year 2. 5. Performed services for customers on account for $124,000. 6.
Incurred operating expenses on account of $59,500. 7. Collected $107.000 cash from
accounts receivable. 8. Paid $57,000 cash as a partial payment on accounts
payable. 9. Paid $33,300 cash for salary expense. 10. Paid a $15,000
cash dividend to stockholders. Adjusting Entries 11. Made the adjusting entry for
the expired rent. (Hint. Part of the rent was paid in Year
1.) 12. Recorded supplies expense. A physical count showed that $800 of

Events for Year 2 1. Paid $6,000 cash for the salaries accrued at the end of the prior accounting period. 2. Performed services for cash of $57,000. 3. Purchased $4,600 of supplies on account. 4. Paid $15,900 cash in advance for rent. The payment was for one year beginning April 1, Year 2. 5. Performed services for customers on account for $124,000. 6. Incurred operating expenses on account of $59,500. 7. Collected $107.000 cash from accounts receivable. 8. Paid $57,000 cash as a partial payment on accounts payable. 9. Paid $33,300 cash for salary expense. 10. Paid a $15,000 cash dividend to stockholders. Adjusting Entries 11. Made the adjusting entry for the expired rent. (Hint. Part of the rent was paid in Year 1.) 12. Recorded supplies expense. A physical count showed that $800 of supplies were still on hand. Cich About Bas Bal Bed B End B E B Pension Bad Bel Bell Ens al E B Accounts Begle End ENa Gede Endur Lege End in COLTON ENTERPRISES Trial Balance December 31, Year 2 Account Titles Debit Credit Totals ! Required information COLTON ENTERPRISES Income Statement For the Year Ended December 31, Year 2 Expenses Total expenses COLTON ENTERPRISES Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 2 Total stockholders' equity COLTON ENTERPRISES Balance Sheet As of December 31, Year 2 Assets Total assets Liabilities Total liabilities Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity COLTON ENTERPRISES Statement of Cash Flows For the Year Ended December 31, Year 2 Cash flows from operating activities: Net cash flow from operating activities Cash flows from investing activities Cash flows from financing activities: Net cash flow from financing activities Net change in cash Ending cash balance OVCU Required information View transaction list Journal entry worksheet 1 2 3 Record the closure of service revenue. Note: Enter debits before credits. Date General Journal Debit Credit Dec. 31 Record entry Clear entry View general journal View transaction list Journal entry worksheet

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