Below are the accounts and balances drawn from the records of Cowboy Ice Cream Company at the end of Year 4 (December 31 year end): Supplies cash flow from investing act. Prepaid insurance Service revenue Other operating expenses Supplies expense Insurance expense neginning common stock Cash flow from operating act. Common stock issued 700 Beginning retained earnings (6,900) Cash flow from financing act. 2,200 Rent expense 85,000 Dividends 44,000 Cash 210 Accounts receivable 900 Prepaid rent 1,000 Unearned revenue 7,400 Land 5,600 Accounts payable $18,000 (5,100) 2,700 5,300 11,100 18,000 Complete this question by entering your answers in the tabs below. 4,800 6.900 39,000 12,490 Required Use the accounts and balances from Cowboy Ice Cream Company to construct their financial statements. You will need to create the following: 1. Income Statement 2. Statement of Changes in Stockholders' Equity 3. Balance Sheet 4. Statement of Cash Flows (show only totals for each activity on the statement of cash flows).

Below are the accounts and balances drawn from the records of Cowboy Ice Cream Company at the end of Year 4 (December 31 year end): Supplies cash flow from investing act. Prepaid insurance Service revenue Other operating expenses Supplies expense Insurance expense neginning common stock Cash flow from operating act. Common stock issued 700 Beginning retained earnings (6,900) Cash flow from financing act. 2,200 Rent expense 85,000 Dividends 44,000 Cash 210 Accounts receivable 900 Prepaid rent 1,000 Unearned revenue 7,400 Land 5,600 Accounts payable $18,000 (5,100) 2,700 5,300 11,100 18,000 Complete this question by entering your answers in the tabs below. 4,800 6.900 39,000 12,490 Required Use the accounts and balances from Cowboy Ice Cream Company to construct their financial statements. You will need to create the following: 1. Income Statement 2. Statement of Changes in Stockholders' Equity 3. Balance Sheet 4. Statement of Cash Flows (show only totals for each activity on the statement of cash flows).

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter6: Accounting For Merchandising Businesses

Section: Chapter Questions

Problem 5PA: The following selected accounts and their current balances appear in the ledger of Clairemont Co....

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