The following events apply to Bowman's Cleaning Service for Year 1.1)Issued stock for $44,000 cash2)On May 1, paid $27,000 for one year's rent in advance3)Purchased on account $4,500 of supplies to be used in the business4)Performed services of $68,400 and received cash5)At December 31, adjusted the records for the expired rent6)At December 31, an inventory of supplies showed that $660 of supplies were still unusedRequired:Show how each of these transactions affects the company's accounts. Calculate the year-end total for each account.

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The Answer of The following events apply to Bowman's Cleaning Service for Year 1.1)Issued stock for $44,000 cash2)On May 1, paid $27,000 for one year's rent in advance3)Purchased on account $4,500 of supplies to be used in the business4)Performed services of $68,400 and received cash5)At December 31, adjusted the records for the expired rent6)At December 31, an inventory of supplies showed that $660 of supplies were still unusedRequired:Show how each of these transactions affects the company's accounts. Calculate the year-end total for each account.

The Following Events Apply to Bowman's Cleaning Service for Year