Prepare general journal entries for the following transactions of Valdez Services. a. Brina Valdez invested $23,300 cash in the company in exchange for common stock.
b. The company provided services to a client and immediately received $810 cash.
c. The company received $14,600 cash from a client in advance for services to be provided next year.
d. The company received $2,200 cash from a client in partial payment of accounts receivable.

Pear co.’s income statement for the year ended december 31, as prepared by pear’s controller, reported income before taxes of $125,000. the auditor questioned the following amounts that had been included in income before taxes: equity in earnings of cinn co. $ 40,000 dividends received from cinn 8,000 adjustments to profits of prior years for arithmetical errors in depreciation (35,000) pear owns 40% of cinn’s common stock, and no acquisition differentials are relevant. pear’s december 31 income statement should report income before taxes of