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8. Net Income: $68,130 Chapter 4 Completing the Accounting Cycle 217 PR 4-SA Complete accounting...

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8. Net Income: $68,130 Chapter 4 Completing the Accounting Cycle 217 PR 4-SA Complete accounting de 01.45 For the past several years, Samantha Hogan las operated a part-time consulting business from her home. As of July 1, 209, Samantha decided to move to rented quarters and to operate the business, which was to be known Arborvite Consulting, on a full-time basis. Arborvite Consulting entered into the following transactions during July July 1. The following assets were reached from Samantha Hogan cash, $25,700; accounts receivable, 530,200, supplies, 55,100 and office equipment. $12,100. There were no liabilities received C - Record the Entry for the follwing ! et. Recievede cash from client as an advance payment for Services to po be provided and recorded 'Stas unearned ters, 10,800. Purchased additional Office Equipment on account from Office Necessities Com $6,906. Paid cash for a Newspaper adratisment, #680 a3 ay Paid office Necessaties Co. for part of the Debt incurred on Julys, $4,100 Provide service on Account for the pondd Jelly 1-12, # 19,200. 06) Provide service on a on a Account for the peni Jolly 13-20, $ 12,200 (7) Recieved cash from Cash Clients for fres can for the period Guly 17-24, # Ilz500 (6 entries in Total

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