Accounts Payable Accounts Receivable Cash (balance on January 1, 2021) Cash (balance on December 31, 2021) Common Stock Dividends Equipment. Income Tax Expense Interest Expense Inventory Notes Payable Office Expense Prepaid Rent Retained Earnings (beginning) Salaries and Wages Expense Service Revenue Utilities Expense Salaries and Wages Payable Other cash flow information: Cash from issuing common stock Cash paid to reacquire common stock Cash paid for income taxes Cash paid to purchase long-term assets Cash paid to suppliers and employees Cash received from customers 3. Prepare a balance sheet for 2021. NICE BITE, Incorporated Balance Sheet < Prev $ 45,000 22,800 103,500 102,800 180,500 0 136,700 10,100 29,500 17,200 23,600 14,300 7,000 6,300 35,700 137,800 25,100 8,000 $ 21,000 23,500 11,000 41,000 83,200 137,000 S 19 20 21 22 of 22
Accounts Payable Accounts Receivable Cash (balance on January 1, 2021) Cash (balance on December 31, 2021) Common Stock Dividends Equipment. Income Tax Expense Interest Expense Inventory Notes Payable Office Expense Prepaid Rent Retained Earnings (beginning) Salaries and Wages Expense Service Revenue Utilities Expense Salaries and Wages Payable Other cash flow information: Cash from issuing common stock Cash paid to reacquire common stock Cash paid for income taxes Cash paid to purchase long-term assets Cash paid to suppliers and employees Cash received from customers 3. Prepare a balance sheet for 2021. NICE BITE, Incorporated Balance Sheet < Prev $ 45,000 22,800 103,500 102,800 180,500 0 136,700 10,100 29,500 17,200 23,600 14,300 7,000 6,300 35,700 137,800 25,100 8,000 $ 21,000 23,500 11,000 41,000 83,200 137,000 S 19 20 21 22 of 22
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
7

Transcribed Image Text:Accounts Payable
Accounts Receivable
Cash (balance on January 1, 2021)
Cash (balance on December 31, 2021)
Common Stock
Dividends
Equipment
Income Tax Expense
Interest Expense
Inventory
Notes Payable
Office Expense
Prepaid Rent
Retained Earnings (beginning)
Salaries and Wages Expense
Service Revenue
Utilities Expense
Salaries and Wages Payable
Other cash flow information:
Cash from issuing common stock
Cash paid to reacquire common stock
Cash paid for income taxes
Cash paid to purchase long-term assets
Cash paid to suppliers and employees
Cash received from customers
3. Prepare a balance sheet for 2021.
NICE BITE, Incorporated
Balance Sheet
< Prev
$ 45,000
22,800
103,500
102,800
180,500
0
136,700
10,100
29,500
17,200
23,600
14,300
7,000
6,300
35,700
137,800
25,100
8,000
$ 21,000
23,500
11,000
41,000
83,200
137,000
19 20
S
21
22
7 of
of 23
www
BER
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