Business Accounting

Life, Inc., experienced the following evnts in 2016, its first year of operaton: 1. Performed counseling service for $36,000 cash 2. On February 1, 2016 paid $18,000 cash to rent office space for the comming year. 3. Adjust the account to reflect the amount of rent used during the year. Required: Based o this information alone: a. Record the events under an accounting equation b. Prepare and invoice statement, balance sheet, and statement of cash flow for the 2016 accounting period c. Ig...