Hart, Attorney at Law, Experienced the following transactions in 2018, the first year of operations. a. Accepted $16,700 on April 1, Year 1, as a retainer for services to be performed evenly over the next 12 months.
b. Performed legal services for cash of $61,500.
c. Purchased $1,000 of office supplies on account.
d. Paid $900 of the amount due on accounts payable.
e. Paid a cash dividend to the stockholders of $4,600.
f. Paid cash for operating expenses of $18,200.
g. Determined that at the end of the accounting period, $95 of office supplies remained on hand.
f. On December 31, Year 1, recognized the revenue that had been earned for services performed in accordance with Transaction 1.

Required:
Show the effects of the events on the financial statements using a horizontal statement model.

Anderson, a computer engineer, and spouse, who is unemployed, provide more than half of the support for their child, age 23, who is a full-time student and who earns $7,000. they also provide more than half of the support for their older child, age 33, who earns $2,000 during the year. how many dependents may the andersons claim on their joint tax return?

Eliza works for a consumer agency educating young people about advertisements. instead of teaching students to carefully read advertisement claims, she encourages them to develop a strong sense of self and to keep their life goals and dreams separate from commercial products. why might eliza's advice make sense?

About time delivery co. incurred the following costs related to trucks and vans used in operating its delivery service: classify each of the costs as a capital expenditure or a revenue expenditure. 1. changed the oil and greased the joints of all the trucks and vans. 2. changed the radiator fluid on a truck that had been in service for the past four years. 3. installed a hydraulic lift to a van. 4. installed security systems on four of the newer trucks. 5. overhaul the engine on one of the trucks purchased three years ago. 6. rebuilt the transmission on one of the vans that had been driven 40,000 miles. the van was no longer under warranty. 7. removed a two-way radio from one of the trucks and installed a new radio with a greater range of communication. 8. repaired a flat tire on one of the vans. 9. replaced a truck's suspension system with a new suspension system that allows for the delivery of heavier loads. 10. tinted the back and side windows of one of the vans to discourage theft of contents.