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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 Beginning common stock Cash flow from operating act. Common stock issued $ 18,000 (5,400) 2,700 5,000 10,500 18,000 5,100 7,000 38,000 15,530 710 Beginning retained earnings (7,000) Cash flow from financing act. 2,600 ৪1,000 44, 0০0 Rent expense Dividends Cash Accounts receivable Prepaid rent Unearned revenue 220 1,100 1,100 7,400 5,300 Land Accounts payable

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 Beginning common stock Cash flow from operating act. Common stock issued $ 18,000 (5,400) 2,700 5,000 10,500 18,000 5,100 7,000 38,000 15,530 710 Beginning retained earnings (7,000) Cash flow from financing act. 2,600 ৪1,000 44, 0০0 Rent expense Dividends Cash Accounts receivable Prepaid rent Unearned revenue 220 1,100 1,100 7,400 5,300 Land Accounts payable

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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Hello, can I have some help with statement of cash flows? Thank you!
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). Complete this question by entering your answers in the tabs below. Statement of Cash flows Income Stmt of Balance Sheet Statement Changes Use the accounts and balances from Cowboy Ice Cream Company to construct statement of cash flows (show only totals for each activity on the statement of cash flows). (Cash outflows should be indicated with a minus sign.) COWBOY ICE CREAM COMPANY Statement of Cash Flows For the Year Ended December 31, Year 4 Cash flow from operating activities Cash flow from investing activities Cash flow from financing activities Net change in cash Ending cash balance Balance Sheet
Transcribed Image Text: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). Complete this question by entering your answers in the tabs below. Statement of Cash flows Income Stmt of Balance Sheet Statement Changes Use the accounts and balances from Cowboy Ice Cream Company to construct statement of cash flows (show only totals for each activity on the statement of cash flows). (Cash outflows should be indicated with a minus sign.) COWBOY ICE CREAM COMPANY Statement of Cash Flows For the Year Ended December 31, Year 4 Cash flow from operating activities Cash flow from investing activities Cash flow from financing activities Net change in cash Ending cash balance Balance Sheet
Year 4 (December 31 year Below are the accounts and balances drawn from the records of Cowboy Ice Cream Company at the end end): $ 18,000 (5,400) 2,700 5,000 10,500 18,000 5,100 7,000 710 (7,000) Cash flow from financing act. 2,600 81,000 Supplies Cash flow from investing act. Beginning retained earnings Prepaid insurance Service revenue Rent expense Dividends Other operating expenses Supplies expense 44,000 Cash 220 1,100 1,100 7,400 5,300 Accounts receivable Prepaid rent Unearned revenue Insurance expense Beginning common stock Cash flow from operating act. Land 38,000 Common stock issued Accounts payable 15,530 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).
Transcribed Image Text:Year 4 (December 31 year Below are the accounts and balances drawn from the records of Cowboy Ice Cream Company at the end end): $ 18,000 (5,400) 2,700 5,000 10,500 18,000 5,100 7,000 710 (7,000) Cash flow from financing act. 2,600 81,000 Supplies Cash flow from investing act. Beginning retained earnings Prepaid insurance Service revenue Rent expense Dividends Other operating expenses Supplies expense 44,000 Cash 220 1,100 1,100 7,400 5,300 Accounts receivable Prepaid rent Unearned revenue Insurance expense Beginning common stock Cash flow from operating act. Land 38,000 Common stock issued Accounts payable 15,530 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).
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