Question: what am i missing? it says it is incomplete Problem 2-39A Show how the events affect the financial statements using a horizontal statements model LO

 what am i missing? it says it is incomplete Problem 2-39A
Show how the events affect the financial statements using a horizontal statements
what am i missing? it says it is incomplete

Problem 2-39A Show how the events affect the financial statements using a horizontal statements model LO 2-8 The following events pertain to Super Cleaning Company 1. Acquired $15,900 cash from the issue of common stock, 2. Provided $13,900 of services on account. 3. Provided services for $4,900 cash. 4. Received $3,300 cash in advance for services to be performed in the future 5. Collected $9,900 cash from the account receivable created in Event 2. 6. Paid $5,900 for cash expenses. 7. Performed $1650 of the services agreed to in Event 4 8. Incurred $2,400 of expenses on account 9. Paid $1,550 cash in advance for one-year contract to rent office space. 10. Pald $2,050 cash on the account payable created in Event 8. 11. Pald a $2,400 cash dividend to the stockholders. 12. Recognized rent expense for nine months' use of office space acquired in Event 9. 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 letters 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 is shown as an example. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar. Enter any decreases to account balances and cash outflows with a minus sign.) Answer is not complete. ANEWEIG NUL SUPER CLEANING COMPANY Efect of on the Financial Stats cone Statement Expenses Baten of Cash Flows Net wome Heren Assets ACCOU Receive Evert Na Stockholdere City Common Hened Sin aming Limites Ats Learned Payobile even . Prepaid Rani ca 15.900 . TA NA O 15.500 + 15.00 4,00 13.00 12.000 4,000 13,000 400 1 2 3 4 5 0 25 . - 4.500 3.300 9.900 05.00 + . ome 59330 15.00 1.650 AD . 1.00 1.00 (AD 1600 6,900 OK 3. JOAG 3.200 IOA SOA NA Indo (1510 OR 2.050) ON 24 FA NA 2,400 2.4001 . . - ESPOO 1580- OOO . 2010 1.650 (2.00 12.4001 . + 240 12 1.163 9483 11.10 10. H. - 20450 006 ZZ 160 1.100 8187 4.000 . 567 22.100

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!