Life, Inc., experienced the following events in 2018, its first year of operation:Performed counseling services for $23,600 cash.On February 1, 2018, paid $16,200 cash to rent office space for the coming year.Adjusted the accounts to reflect the amount of rent used during the year.RequiredBased on this information alone:1)Record the events under an accounting equation.2)Prepare an income statement, balance sheet, and statement of cash flows for the 2018 accounting period.3)Ignoring all other future events, what is the amount of rent expense that would be recognized in 2019?Under required please if you could show me how to do 1,2, &3.

Newman Consulting Company maintains its records on a cash basis. During 2016 the following cash flows were recorded: cash received from customers, $420,000; and cash paid for salaries, utilities, and advertising, $240,000, $35,000, and $12,000, respectively. You also determine that customers owed the company $52,000 and $60,000 at the beginning and end of the year, respectively, and that the company owed the utility company $6,000 and $4,000 at the beginning and end of the year, respectively. Determine accrual net income for the year.

Need assistance in completing this question.  Attached is all that are correct but still missing some information to complete the table.

Brian Sipe began operations of his business, Sipe Sons Incorporated, on January 1, Year One. During the year, the company performed services on credit of $192,000. Of that amount, $115,750 was collected in cash during the year. Brian estimates, of the remaining amount due, $5,100 may not be collected. Prepare the entries for the events during year one What is the balance in the accounts receivable account? What is the amount of receivables reported on the balance sheet? Why would Brian have a separate allowance account and not reduce the receivable balance for the amount estimated to e uncollectible? What type of account is Allowance for Doubtful Accounts

23. Gingerbread Corp hired a new intern for the summer. The intern was assigned the job of preparing the year-end statement of cash flow but was having some trouble trying to determine where to classify the following transactions.  TRANSACTION Cash Flow Cash payment of dividends to common stockholders 30,000 Cash payment for purchase of land  468,000 Cash proceeds from sale of equipment 15,000 Cash proceeds from issuing Gingerbread common stock 45,000 Cash payments on long-term note payable 175,000 Cash payments to purchase stock in another company 51,000

Submit correct and complete solutions. give propriate Explanation. Provide step-by-step detailed explanations.

During Year 1, Chung Corporation earned $4,800 of cash revenue and accrued $2,500 of salaries expense. Required Based on this information alone: a. Prepare the December 31, Year 1, balance sheet. b. Determine the amount of net income that Chung would report on the Year 1 income statement. c. Determine the amount of net cash flow from operating activities that Chung would report on the Year 1 statement of cash flows. Complete this question by entering your answers in the tabs below. Accounting Equation Based on this information alone: (Not all cells require input. Enter any decreases to account balances with a minus sign.) CHUNG CORPORATION Accounting Equation - Year 1 Assets = Liabilities + Salaries Payable Cash Event Earned revenue Accrued salaries Ending balance Req A Req B and C = = 0 = 0 + + + Stockholders' Equity Retained Earnings Common Stock + + + 0 + 0

I cannot seem to figure out the correct values to answer the following question. Please answer the question correctly and show work.

The following is selected information from L corporation for the fiscal year ending October 21, 2022: Cash received from customers Revenue recognized Cash paid for expenses Cash paid for computers on Nov. 1, 2021 that will be used for 3 years Expenses incurred including any depreciation Proceeds from a bank loan, part of which was used to pay for the computers O $224,000 $254,000 Based on the accrual basis of accounting, what is L corporation's net in some for the year ending October 31, 2022? $208,000 $300,000 440,000 170,000 $270,000 48,000 216,000 100,000

The Coneflower Company had $312,000 in cash at the beginning of the year (January 1, 2020). Using the data in the chart, prepare a statement of Cash Flows. Cash paid for other operating activities $1,291,000 Cash paid for dividends 16,900 Cash received from selling equipment and other assets 16,300 Cash paid on notes payable 412,000 Cash paid to suppliers and employees 1,258,900 Cash collected from customers 3,840, 700 Cash paid to purchase equipment and other assets 140, 200