Maurice Tutor

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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 30 Jul 2017 My Price 11.00

Nina’s Accounting Service

Nina’s Accounting Service began operation on January 1, 2012. The company experienced the following events for its first year of operations.
Events Affecting 2012:
1. Provided $120,000 of accounting services on account.
2. Collected $90,000 cash from accounts receivable.
3. Paid salaries of $24,000 for the year.
4. Adjusted the accounts to reflect management’s expectations that uncollectible accounts expense would be $1,200.

Required
a. Organize the transaction data in accounts under on accounting equation.
b. Prepare an income statement, a balance sheet, and a statement of cash flows for 2012.

Answers

Maurice Tutor
(5)
Status NEW Posted 30 Jul 2017 12:07 AM My Price 11.00

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