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transaction 1. Nunya Business started opertations on December 1 2018 with an initial issue of common stock of 12,340 after you record this transaction ( check formula should return true, show impact on cash flow if any, choose an account name if appropriate revenue, salary rent)

transaction 2. Nunya Business performed services for one month on account for 10,300 even though no cash was received revenue must be recorded since the revenue recognition rules have been met(it has been earned and its resonable to expect payment) check formula should return true, show impact on cash flow if any, choose an account name if appropriate revenue, salary rent)

3. Nunya Business has received 25% of the amount recorded in transaction 2 as partial payment of the accounts receivable, after you record this transaction (check formula should return true, show impact on cash flow if any, choose an account name if appropriate revenue, salary rent)

4. Nunya Business paid 10% of the amount recorded in transaction 2 as salary,after you record this transaction (check formula should return true, show impact on cash flow if any, choose an account name if appropriate revenue, salary rent)

5. Nunya Business paid 5% ofhe amount recorded in transaction 2 as rent expense , after you record this transaction (check formula should return true, show impact on cash flow if any, choose an account name if appropriate revenue, salary rent)

6. Record the payment of the cell phone bill. the amount is 1% of 10,300. create new expense name . after you record this transaction (check formula should return true, show impact on cash flow if any, choose an account name if appropriate revenue, salary rent)

7. record a cash prepayment from a second custumer of the amount of 2,057. after you record this transaction (check formula should return true, show impact on cash flow if any, choose an account name if appropriate revenue, salary rent)

8. Record an adjusting entry to recognize %25 of the prepayment from transaction 7 as revenue, after you record this transaction (check formula should return true, show impact on cash flow if any, choose an account name if appropriate revenue, salary rent)

Harizontal Financial Statement Part 2 Excel FILE HOME INSERT PAGE LAYOUT ORMULAS DATA REVIEW VIEW R24 SC DEFG H Profit & Loss tiabilities + Shareholder's Equity Common Retained Assets NetCash Revenue-Expenses = Income Flow Account Accoun Check TRUE TRUE TRUE TRUE 2 Entry, . Cash +Receivable Liabilities + Stock-t Earnings- - Name TRUE Horizontal Finencial Statement

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