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Accounting
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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
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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