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Complete this question by entering your answers in the tabs below. Income Stmt of Statement of Balance Sheet Statement Changes Cash flows Use the accounts and balances from Cowboy Ice Cream Company to construct an income statement. COWBOY ICE CREAM COMPANY Income Statement For the Year Ended December 31, Year 4 Revenue Total revenue Expenses Total expenses %24 %24

Complete this question by entering your answers in the tabs below. Income Stmt of Statement of Balance Sheet Statement Changes Cash flows Use the accounts and balances from Cowboy Ice Cream Company to construct an income statement. COWBOY ICE CREAM COMPANY Income Statement For the Year Ended December 31, Year 4 Revenue Total revenue Expenses Total expenses %24 %24

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 get some assistance? I also need stmt of changes, balance sheet, statement of cash flows. Thank you so much
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 $ 18,000 (5,400) 2,700 5,000 10,500 18,000 5,100 7,000 38,000 710 Beginning retained earnings (7,000) Cash flow from financing act. 2,600 81,000 44,000 220 Rent expense Dividends Cash Other operating expenses Supplies expense Insurance expense Beginning common stock Cash flow from operating act. Common stock issued Accounts receivable 1,100 1,100 7,400 5,300 Prepaid rent Unearned revenue Land Accounts payable 15,530 Required Use the accounts and balances from Cowboy lce 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. Stmt of Changes Income Statement of Balance Sheet Statement Cash flows Use the accounts and balances from Cowboy Ice Cream Company to construct an income statement. COWBOY ICE CREAM COMPANY Income Statement For the Year Ended December 31, Year 4 Revenue
Transcribed Image Text: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 $ 18,000 (5,400) 2,700 5,000 10,500 18,000 5,100 7,000 38,000 710 Beginning retained earnings (7,000) Cash flow from financing act. 2,600 81,000 44,000 220 Rent expense Dividends Cash Other operating expenses Supplies expense Insurance expense Beginning common stock Cash flow from operating act. Common stock issued Accounts receivable 1,100 1,100 7,400 5,300 Prepaid rent Unearned revenue Land Accounts payable 15,530 Required Use the accounts and balances from Cowboy lce 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. Stmt of Changes Income Statement of Balance Sheet Statement Cash flows Use the accounts and balances from Cowboy Ice Cream Company to construct an income statement. COWBOY ICE CREAM COMPANY Income Statement For the Year Ended December 31, Year 4 Revenue
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. Income Stmt of Statement of Cash flows Balance Sheet Statement Changes Use the accounts and balances from Cowboy Ice Cream Company to construct an income statement. COWBOY ICE CREAM COMPANY Income Statement For the Year Ended December 31, Year 4 Revenue Total revenue 2$ Expenses Total expenses 24 Stmt of Changes >
Transcribed Image Text: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. Income Stmt of Statement of Cash flows Balance Sheet Statement Changes Use the accounts and balances from Cowboy Ice Cream Company to construct an income statement. COWBOY ICE CREAM COMPANY Income Statement For the Year Ended December 31, Year 4 Revenue Total revenue 2$ Expenses Total expenses 24 Stmt of Changes >
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