Warren, Attorney at Law, experienced the following transactions in 2016, the first year of operations: 1. Purchased $1,500 of office supplies on account. 2. Accepted $36,000 on February 1, 2016, as a retainer for services to be performed evenly over the next 12 months. 3. Performed legal services for cash of $84,000. 4. Paid cash for salaries expense of $32,000. 5. Paid a cash dividend to the stockholders of $8,000. 6. Paid $1,200 of the amount due on accounts payable. 7. Determined that at the end of the accounting period, $150 of office supplies remained on hand. 8. On December 31, 2016, recognized the revenue that had been earned for services performed in accordance with Transaction 2. Required Show the effects of the events on the financial statements using a horizontal statements model like the following one. In the Cash Flow column, use the initials 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 has been recorded as an example.
Warren, Attorney at Law, experienced the following transactions in 2016, the first year of… 1 answer below »
- Are there any interactions to be aware of with the supplements that a vegetarian may take? Vegetarianism Answer the following questions related to Vegetarianism.
- : Analyze how existing surveillance systems and health information systems serve forces driving change.Using the South University Online Library or the Internet, research your selected surveillance database. Based on your research, create a 2page Microsoft Word report that covers the following aspects in detail:
- Develop a presentation describing the nursing shortage we are facing in the United States and how nursing leadership can affect this shortage.
We’re glad you’re considering us as your academic assistant, and we’d like to explain to you why exactly we firmly believe we’re one of the best companies in the industry.
SPECIAL OFFER FOR NEW CUSTOMERS: GET 15% OFF FOR YOUR FIRST ORDER! 15% OFF your first order! Order Now