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Business, 11.01.2020 05:31 lilyjordan5972

Hart, attorney at law, experienced the following transactions in 2018, the first year of operations.1. accepted $18,600 on april 1, 2018 as a retainer for services to be performed evenly over the next 12 months.2. performed legal services for cash of $68,0003. purchased $1,150 of office supplies on account.4. paid $1035 of the amount due on accounts payable.5. paid a cash dividend to the stockholders of $5,1006. paid cash for operating expenses of $21,0007. determined that at the end of the accounting period $100 of office supplies remained on hand.8. on december 31, 2018, recognized the revenue that had been earned for services performed on accordance with transaction 1.requiredshow the effects of the events on the financial statements using a horizontal statement model. in the cash flow column, use the initials oa to designate 'operating activity'; ia for 'investing activity'; fa for 'financial activity'; and nc for 'net change in cash'. use na to indicate accounts not affected by the even

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Hart, attorney at law, experienced the following transactions in 2018, the first year of operations....
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