Required a Show the credit card sales Event 1 and the

Last updated: 4/26/2023

Required a Show the credit card sales Event 1 and the subsequent collection of accounts receivable Event 2 In a horizontal statements model in the Statement of Cash Flows column Indicate whether the item is an operating activity OA Investing activity IA or financing activity FA Leave blank to indicate that an element is not affected by the event 2 5 int Ultra Day Spa provided 86 150 of services during Year 1 All customers paid for the services with credit cards Ultra submitted the credit card receipts to the credit card company immediately The credit card company pald Ultra cash in the amount of face value less a 3 percent service charge 0 renca b Based on this information alone answer the following questions 1 What is the amount of total assets at the end of the accounting period 2 What is the amount of revenue reported on the income statement 3 What is the amount of cash flow from operating activities reported on the statement of cash flows Complete this question by entering your answers in the tabs below Required A Required B Show the credit card sales Event 1 and the subsequent collection of accounts receivable Event 2 In a hortzontal statements model In the Statement of Cash Flows ca indicate whether the item is an operating activity OA investing activity IA or financing activity FA Leave blank to indicate that an element is not affected by the e Enter any decreases to account balances and cash outflows with a minus sign Round your answers to nearest whole dollar Event Assets Balance Sheet Liabillber ULTRA DAY SPA Hortzontal statements Model stookholdere Equity Revenue Income statement Net Expence Income Statement of Cash Flows Show