Hart, attorney at law, experienced the following transactions in 2018, the first year of operations.1. accepted $18,600 on april 1, 2018 as a retainer for services to be performed evenly over the next 12 months.2. performed legal services for cash of $68,0003. purchased $1,150 of office supplies on account.4. paid $1035 of the amount due on accounts payable.5. paid a cash dividend to the stockholders of $5,1006. paid cash for operating expenses of $21,0007. determined that at the end of the accounting period $100 of office supplies remained on hand.8. on december 31, 2018, recognized the revenue that had been earned for services performed on accordance with transaction 1.requiredshow the effects of the events on the financial statements using a horizontal statement model. in the cash flow column, use the initials oa to designate 'operating activity'; ia for 'investing activity'; fa for 'financial activity'; and nc for 'net change in cash'. use na to indicate accounts not affected by the even

The following selected circumstances relate to pending lawsuits for erismus, inc. erismus’s fiscal year ends on december 31. financial statements are issued in march 2019. erismus prepares its financial statements according to ifrs. required: indicate the amount erismus would record as an asset, liability, or not accrued in the following circumstances. 1. erismus is defending against a lawsuit. erismus's management believes the company has a slightly worse than 50/50 chance of eventually prevailing in court, and that if it loses, the judgment will be $2,000,000. 2. erismus is defending against a lawsuit. erismus's management believes it is probable that the company will lose in court. if it loses, management believes that damages could fall anywhere in the range of $3,000,000 to $5,000,000, with any damage in that range equally likely. 3. erismus is defending against a lawsuit. erismus's management believes it is probable that the company will lose in court. if it loses, management believes that damages will eventually be $6,000,000, with a present value of $4,500,000. 4. erismus is a plaintiff in a lawsuit. erismus's management believes it is probable that the company eventually will prevail in court, and that if it prevails, the judgment will be $2,000,000. 5. erismus is a plaintiff in a lawsuit. erismus’s management believes it is virtually certain that the company eventually will prevail in court, and that if it prevails, the judgment will be $1,000,000.