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Yard Designs (YD) experienced the following events in Year 1, its first year of operation:...

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Accounting

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Yard Designs (YD) experienced the following events in Year 1, its first year of operation: 1. On October 1, Year 1. YD collected $54,000 for consulting services it agreed to provide during the next 12 months 2. Adjusted the accounts to reflect the amount of consulting service revenue recognized in Year 1. Required Based on this information alone a. Record the events under an accoqnting equation. b. Prepare an income statement, balance sheet, and statement of cash flows for the Year 1 accounting period. c. Ignoring all other future events, what is the amount of service revenue that would be recognized in Year 2? Complete this question by entering your answers in the tabs below. Req A Req B1 Inc Stmt Reg B2 Bal Sheet Reg B3 CF Stmt Regc

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