The following events apply to Bowman's Cleaning Service for Year 1.Issued stock for $44,000 cashOn May 1, paid $27,000 for one year's rent in advancePurchased on account $4,500 of supplies to be used in the businessPerformed services of $68,400 and received cashAt December 31, adjusted the records for the expired rentAt December 31, an inventory of supplies showed that $660 of supplies were still unusedRequired:Record the events in general ledger accounts under an accounting equation. (Note: There is no need to provide appropriate account titles for the Retained Earnings amounts in the last column of the table.)

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The Answer of The following events apply to Bowman's Cleaning Service for Year 1.Issued stock for $44,000 cashOn May 1, paid $27,000 for one year's rent in advancePurchased on account $4,500 of supplies to be used in the businessPerformed services of $68,400 and received cashAt December 31, adjusted the records for the expired rentAt December 31, an inventory of supplies showed that $660 of supplies were still unusedRequired:Record the events in general ledger accounts under an accounting equation. (Note: There is no need to provide appropriate account titles for the Retained Earnings amounts in the last column of the table.)

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