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QUESTION

You Are Not Alone Inc. (YANA) sells sophisticated custom designed security systems.

*A = Asset, L = Liability, E = Equity, R = Revenue. X = Expense, D = Dividend, UG = Unrealized Gain or Loss, GR = Realized Gain or Loss

C. Show the Financial Statement Impact from this transaction: What will be the Financial Statement impact of the TBG contract? Show accounts, amounts and any computations - you may need to post the journal entries prepared in B. above to ledger accounts to determine this information for Mr. McGee.

1.           Six Months Ended june 30, 2018:

Balance Sheet (A=L+E):

Assets: 6000000

Liabilities:

Equity

Income Statement

Revenues

Expenses

Statement of Cash Flows

2.           Six months Ended december 31, 2018:

Balance Sheet (A=L+E):

Assets:

Liabilities:

Equity:

Income Statement

Revenues

Expenses

Statement of Cash Flows

3.           TWELVE months Ended december 31, 2019 (NOTE THIS IS FOR TWELVE MONTHS)

Balance Sheet (A=L+E):

Assets:

Liabilities:

Equity:

Income Statement

Revenues

Expenses

Statement of Cash Flows

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