Here are incomplete financial statements for Sunland Company:Calculate the missing amounta Cash Accounts receivable Land Building and equipment Total Revenues Service revenue Expens Salaris expe Other expens Suppleexpen Total expens Profit for the year Add: Investments Assets M.Sunland, capital, March 1, 2023 Profit for the year SUNLAND COMPANY Income Statement Year Ended February 29, 2024 Leas: M.Sunland, drawings M.Sunland, capital, February 29, 2024 $9,604 5,369 SUNLAND COMPANY Statement of Owner's Equity Year Ended February 29, 2024 SUNLAND COMPANY Balance Sheet February 29, 2024 41,340 $32,136 1,658 $ Ulabilities Notes payable Accounts payable Total abilities Liabilities and Owner's Equity M. Sunland, Capital Totals and owner's equity $21,095 63,450 $95,078 59,638 $25,984 43.667 $91,475

Here are incomplete financial statements for Sunland Company:Calculate the missing amounta Cash Accounts receivable Land Building and equipment Total Revenues Service revenue Expens Salaris expe Other expens Suppleexpen Total expens Profit for the year Add: Investments Assets M.Sunland, capital, March 1, 2023 Profit for the year SUNLAND COMPANY Income Statement Year Ended February 29, 2024 Leas: M.Sunland, drawings M.Sunland, capital, February 29, 2024 $9,604 5,369 SUNLAND COMPANY Statement of Owner's Equity Year Ended February 29, 2024 SUNLAND COMPANY Balance Sheet February 29, 2024 41,340 $32,136 1,658 $ Ulabilities Notes payable Accounts payable Total abilities Liabilities and Owner's Equity M. Sunland, Capital Totals and owner's equity $21,095 63,450 $95,078 59,638 $25,984 43.667 $91,475

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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Statement of Cash Flows The following is a list of the items for L Company's 2019 statement of cash flows: a. depreciation expense, $4,100 g. proceeds from issuance of note, $6,100 b. proceeds from sale of land, $5,500 h. gain on sale of land, $1,900 c. payment of dividends, $5,000 i. payment for purchase of building, $14,000 d. net income, $8,000 j. increase in accounts receivable, $2,800 e. conversion of bonds to common stock, $7,000 k. ending cash balance, $14,000 f. increase in accounts payable, $3,000 Required: Prepare the statement of cash flows. Use a minus sign to indicate cash outflows, a decrease in cash or cash payments. L COMPANY Statement of Cash Flows For Year Ended December 31, 2019 Operating Activities: $fill in the blank 2 Adjustment for noncash income items: fill in the blank 4 fill in the blank 6 Adjustments for cash flow effectsfrom working capital items: fill in the blank 8…
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