Question: Please help! Having a hard time understanding how to do this! Will upvote! The account balances of Pacilio Security Services, Inc, as of January 1,





The account balances of Pacilio Security Services, Inc, as of January 1, Year 3, are shown here: During Year 3. Pacilio Security Services experienced the following transactions: 1. Paid the salaries payable from Year 2 . 2. Paid the balance of $2,000 on the debt owed to the Small Business Government Agency. The loan is interest-free. 3. Performed $32,000 of security services for numerous local events during the year; $21,000 was on account and $11,000 was for cash. 4. On May 1, pald $3,000 for 12 months' rent in advance. 5. Purchased supplles on account for $700. 6. Paid salaries expense for the year of $9,000. 7. Incurred other operating expenses on account, $4,200. 8. On October 1 , Year 3 , a customer paid $1,200 for services to be provided over the next 12 months. 9. Collected $19,000 of accounts recelvable during the year. 10. Paid $5,950 on accounts payable. 11. Pald $1,800 of advertising expenses for the year. 12. Paid a cash dividend to the shareholders of $4,650. 13. The market value of the land was determined to be $5,500 at December 31 , Year 3 . Adjustments 14. There was $120 of supplies on hand at the end of the year. 15. Recognized the expired rent. 16. Recognized the earned revenue from Year 2 and transaction no. 8. 17. Accrued salaries were $1,000 at December 31 , Year 3. The balance sheet is the accounting equation: Assets = Llabilities + Equity. Each asset and liability account is reported separately on the balance sheet. Choose the appropriate accounts to be reported on the balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Choose the appropriate accounts to be reported on the income statement. The unadjusted, adjusted, or post-closing bala will appear for each account, based on your selection. Prepare the statement of changes in stockholders' equity for the year ended December 31, Year 3. You will need to determine and enter the accounts and balances to prepare the Statement of Changes in Stockholders' Equity. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Prepare the statement of cash flow for year ended December 31 , Year 3. (Amounts to be deducted should be indicated with a minus sign.) Indicate whether the transaction increases (t), 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
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