Record each of the events in the horizontal statements

Reference no: EM133608519

Record each of the following events in the horizontal statements model. After each event, record the corresponding December 31 end-of-year adjustment that would be necessary.

Required:

Paid $44,000 for a 1-year lease beginning April 1.

Paid $4,500 to purchase supplies. At year end, $1,600 of supplies remained.

Received a $63,000 cash advance for a 6-month contract beginning on September 1

Reference no: EM133608519

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