Question 1-Chapter 2 Practice X + Q Sextambeducation.com/ext/map/indexhtml con-con&external browser=0&launchUrl=https% & Signte-Self Service Mia Esmetic Academy Calltools YouTube Chapter 2 Practice i 1 connect.mheducation.com%252Fconnec Stukent rapper%252FitiaCloseWindow.htm#/activity/question-group/kEZASs8kEPsam... Account Dashboard Melcoks-My Books BeStarz logo CrazyShit.com | THE Accounts Account... PSN - Your Complet... Saved Help Save & Exit Submit Check my work 1 points eBook Prict References Joe Roberts, a retired navy seal operator, started Special Ops Security which focuses on providing personal protection services to high profile individuals. The company experienced the following events during its first year of operations, Year 1: 1. Acquired $200,000 cash from the issuance of common stock. 2. Earned $80,000 revenue on account from providing personal protection services for local celebrities. 3. Collected $55,000 of the balance in accounts receivable. Required Use a horizontal financial statements model to show how each event affects the balance sheet, income statement, and statement of cash flows. More specifically, record the amounts of the events into the model. Also, in the Statement of Cash Flows column, classify the cash flows as operating activities (OA), investing activities (IA); or financing activities (FA). The first transaction is shown as an example. Note: Enter any decreases to account balances and cash outflows with a minus sign. Leave cells blank if no input is needed. Mc Graw Balance Sheet Income Statement Assets Event Cash + Accounts Receivable = = Liabilities + Notes Payable Stockholders' Equity Common Stock Retained Revenue Expenses = Net Income Statement of Cash Flows Earnings 1. 200,000+ + 200,000 + 200,000 FA 2 4 + 3. + Prev 1 of 10 Score answer > 0 0 C X All Bookmarks