Question: Problem 2-32A (Algo) Recording events in a horizontal statements model LO 2-1, 2-2, 2-5 The following events pertain to Super Cleaning Company: 1. Acquired $15,300
Problem 2-32A (Algo) Recording events in a horizontal statements model LO 2-1, 2-2, 25 The following events pertain to Super Cleaning, Company: 1. Acquired $15,300 cash from the issue of common stock. 2. Provided $13,300 of services on account. 3. Provided services for $4,300 cash. 4. Received $2,700 cash in advance for services to be performed in the future. 5. Collected $9,300 cash from the account receivable created in Event 2. 6. Paid $5,300 for cash expenses. 7. Performed $1,350 of the services agreed to in Event 4. 8. Incurred $1,800 of expenses on account. 9. Paid $1,250 cash in advance for one-year contract to rent office space. 10. Paid $1,450 cash on the account payable created in Event 8. 11. Paid a $1,800 cash dividend to the stockholders. 12. Recognized rent expense for nine months' use of office space acquired in Event 9
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