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The following events pertain to Super Cleaning Company: 1. Acquired $15,400 cash from the issue of common stock. 2. Provided11. Paid a $1,900 cash dividend to the stockholders. 2. Recognized rent expense for nine months use of office space acquired

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Answer #1
ASSETS = LIABILITIES + STOCK HOLDER EQUITY Cash Flow Impact
Transaction Accounts Prepaid Accounts Unearned Paid in Retained Revenue Expenses
Cash + Receviable + Rent = Payable + Revenue + Capital + Earnings + -
1 15400 + + = + + 15400 + + - FA
2 + 13400 + = + + + + 13400 - OA
3 4400 + + = + + + + 4400 - OA
4 2800 + + = + 2800 + + + - NC
5 9400 + -9400 + = + + + + - NC
6 -5400 + + = + + + + - 5400 OA
7 + + = + -1400 + + + 1400 - OA
8 + + = 1900 + + + + - 1900 OA
9 -1300 + + 1300 = + + + + - NC
10 -1550 + + = -1550 + + + + - NC
11 -1900 + + = + + + -1900 + - FA
12 + + -975 = + + + + - 975 OA
Total 21850 4000 325 350 1400 15400 -1900 19200 8275
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