2. Accepted $16,700 on February 1, 2014, as a retainer for services to be performed evenly over the next 12 months. On December 31, 2014, recognized the revenue that had been earned for services performed in accordance with Transaction 2. Show the effects of the events on the financial statements using a horizontal statements model like the following one. In the Cash Flow column, use the initials OA to designate operating activity, IA for investing activity, FA for financing activity, NC for net change in cash and NA to indicate accounts not affected by the event. The first event has been recorded as an example. (Do not round intermediate calculations and round your final answers to nearest whole number. Enter any decreases to account balances and cash outflows with a minus sign.) Solution 1.Office supplies on account Assets = Liabilities + Stockholder\'s equity SUPPLIES= ACCOUNT payable 2 . unearned revenue of $16,700 16700 cash = 16,700 unearned revenue + NA 3.$65,000 services recieved 4 salary paid 5.Paid cash dividend 6.$900 accounts paybale paid 7. office supplies in hand $95 which means $905 supplies expended 8. unearned revenue realised .