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NOTE: The figure in point 4, which is hidden by the cursor is $800

Events Affecting the Year 1 Accounting Period 1. Acquired cash of $60.000 from the issue of common stock 2. Purchased $1.200 of supplies on account 3. Purchased land that cost $18,000 cash. 4. Paid $80f3cash to settle accounts payable created in Event 2. 5. Recognized revenue on account of $42.000 6. Paid $21,000 cash for other operating expenses. 7. Collected $38,000 cash from accounts receivable. Information for Year 1 Adjusting Entries 8. Recognized accrued salaries of $3,200 on December 31, Year 1. 9. Had $200 of supplies on hand at the end of the accounting period, Events Affecting the Year 2 Accounting Period 1. Acquired an additional $20,000 cash from the issue of common stock. 2. Paid $3,200 cash to settle the salaries payable obligation. 3. Paid $3,600 cash in advance for a lease on office facilities. 4. Sold land that had cost $15.000 for $15,000 cash. 5. Received 54,800 cash in advance for services to be performed in the future, 6. Purchased $1.000 of supplies on account during the year. 7. Provided services on account of $32,000, 8. Collected $33,000 cash from accounts receivable. 9. Paid a cash dividend of $5,000 to the stockholders, 10. Paid other operating expenses of $19,500. Information for Year 2 Adjusting Entries 11. The advance payment for rental of the office facilities (see Event 3) was made on March 1 for a one-year lease term. 12. The cash advance for services to be provided in the future was collected on October 1 (see Event 5). The one-year contract started October 1. 13. Had $300 of supplies on hand at the end of the period. 14. Recognized accrued salaries of $3,900 at the end of the accounting period. Question 5 1 pts Refer to the Jojoba Service Copmpany Financial Information in the previous question and prepare the Balance Sheet for the Year 2. Please note that Supplies is more "short-term" than Prepaid Rent, and Accounts Receivable is more "short-term than Supplies. Aslo note that Accounts Payable is the most short-term account and Unearned Revenue is the least "short-term account of their kind. Assets: Select) Select) [Select) Select Select [ Select] Select Select) Select! Select) Total Assets Select Libilities: Select Select) Select Select Total Assets Select Libilities: Select Select) Select [ Select) Select Select) Total Liabilities: Select) Stockholders' Equity: Select) Select) Select Select) Total Stockholders' Equity Select Total Liab, and SE Select)

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