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Problem 3-28A (Algo) Show how the events affect the financial statements using a horizontal statements model LO 3-2, 3-3 The following events pertain to Super Cleaning Compary: 1. Acqutred $15,900 cash from the issue of common stock. 2. Provided $13,900 of services on accourt. 3. Provided services for $4,900 cash. 4. Recelved $3,300 cash in advance for rervices 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 $1,650 of the services agreed to in Event 4. 8 Incurred $2.400 of expenses on account. 9. Patd $1,550 cash in advance for one-year contract to rent office space. 10. Paid $2,050 cash on the account payable created in Event 8. 11. Paid a $2,400 cash dividend to the stockholders. 12. Recognized rent expense for nine month' use of office space acquired in Event 9. Required: Show the effects of the events on the financial statements using a horizontal statenents modiel fike the following one. In the Statement of Cash Flows column, use the letters OA to designate operating activity, IA for investrg activity. FA for financing activity, and NC for riet change in cash. The first event is recorded as an example. Note: Do not round intermediate colculations. Enter any decreases to account balances and cosh outflews with a minus sign. Not all cells require input. \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{20}{|c|}{ SUFER CLEANINO COMPANY } \\ \hline & \multicolumn{19}{|c|}{ Effect of Events on the Finascial statements } \\ \hline & \multicolumn{13}{|c|}{ Balance Sheet } & \multicolumn{4}{|c|}{ Income statement } & \multirow{3}{*}{\multicolumn{2}{|c|}{ statement of Cash Flom }} \\ \hline & \multicolumn{5}{|c|}{ Assets } & * & \multicolumn{3}{|c|}{ Liabilties } & + & \multicolumn{3}{|c|}{ Stockholders' Equily } & \multirow[b]{2}{*}{ Rovenue } & \multirow[b]{2}{*}{ - Exprnses } & \multirow[b]{2}{*}{ - } & \multirow[b]{2}{*}{ Net income } & & \\ \hline & Cash & + & \begin{tabular}{l} Accounts \\ Pectivable \end{tabular} & * & \begin{tabular}{l} Prepuld \\ Rent \end{tabular} & * & \begin{tabular}{l} Accounts \\ Paysible \end{tabular} & + & \begin{tabular}{l} Uneamed \\ Revenue \end{tabular} & - & \begin{tabular}{l} Common \\ stock \end{tabular} & * & \begin{tabular}{l} Retained \\ Eumings \end{tabular} & & & & & & \\ \hline & 15,000 & . & & . & & = & & + & & + & 15,000 & * & & & & = & & 15900 & FA \\ \hline & & 4 & 13900 & 1. & & & & 1. & & 1.+ & & +2 & 13.900 & 13.900 & & & 13,900 & 13.900 & on \\ \hline & 4,900 & 1. & & 1. & & & & ]. & & 1. & & +5 & 4.900 & 4,900 & & & 4,000 & 4,900 & on \\ \hline & 3,300 & . & & 1. & & & = & 1.7 & 3,300 & 1. & & + & & - & & & & 3.300 & on \\ \hline & 9900 & 1. & (9,000) & 1. & & & & 1. & & . & & +1 & & & & & & 9,960 & OA \\ \hline & (5900) & 1. & & 1. & & = & & 1. & & 1. & & + & (5,000) & & 5.000 & + & (5,000) & 15.000) & on \\ \hline & & 1. & & 1. & & & & 1.1 & (1,650) & 1. & & + & 1,050 & 1,050 & & & 1.000 & 1.0500 & on \\ \hline & & 1. & & 1. & & 8 & 2400 & 1. & & + & & + & (2,4002 & & 2,400 & = & 0.4000 & 2400 & OA \\ \hline & (1,550) & + & & 1. & 1,550 & & & 1. & & + & & 1 & & & & = & & 1.550 & OA \\ \hline & 0.0503 & 1. & & . & & & 0.050 & 1. & & 1. & & + & & & & = & & (2050) & OM \\ \hline & 2.4003 & 1. & & + & & = & & 1. & & 1. & & + & (2.400)3 & - & & & & (2,400) & IA \\ \hline & & 1. & & + & (0,169 & & & 1.1 & & 1.1 & & +1 & (0,163) & & 1,163 & + & (0,163) & & on \\ \hline & 2,100 & 1. & 4000 & 1. & & e. & 350 & 7. & 1.050 & 1. & .15 .500 & & 8.567 & 20,460 & & it & 10.060 & 44.313 & \\ \hline \end{tabular}

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