Complete the following: FLASH TRUCKING SERVICESINCOME STATEMENTDECEMBER 31, 2014FLASH TRUCKING SERVICESSTATEMENT OF CHANGES TO OWNER'S EQUITY DECEMBER 31, 2014FLASH TRUCKING SERVICESBALANCE SHEETDECEMBER 31, 2014 FLASH TRUCKING SERVICESFLASH TRUCKING SERVICESFLASH TRUCKING SERVICESINCOME STATEMENTSTATEMENT OF CHANGES TO OWNER'S EQUITYBALANCE SHEETDECEMBER 31, 2014DECEMBER 31, 2014DECEMBER 31, 2014NOTE On November 10, 2014, Flash Trucking Services started its operation with its location in Baguio City. The following are the transactions of the company for 2014.DateTransactionAdditional information on the accounting process:Nov. 5 Mr. Mario Cruz invested B1,500,000 and a truck with fair market value of B1,800,000 in the business.1.The company uses the following Chart of Accounts found on the next worksheet.8 Paid an annual insurance for the truck, B48,000.2.For t-accounts, enter numerical values with the month first before the date. (E.g., input = 12/14, output = 14-Dec)10 Paid taxes and licenses, B5,500.3. The company uses the expense method in recording prepayments and the income method in recording deferrals.11 Hired an office secretary anddriver with B8,000 and B10,000 each monthly salary to start work tomorrow.12 Called Acer Book Store to order office supplies worth #2,000.Additional information at the end of the year.14 Office supplies delivered by Acer Book Store was paid in cash.1.Office supplies has a B575 balance at the end of the year.18 Purchased office furniture and fixtures on account, 12,000.2.The truck has an economic life of 15 years with an estimated salvage value of 898,700.20 Bought office equipment for cash, #21,000.3. Estimated doubtful accounts is 3.500.25 Refilled fuel for #9,800.25 Delivered cargo to La Union for Mr. Val Montero. 50% of the total service of B35,000 was received for trucking services rendered.26 Received a call from Mr. Jose for next month's delivery service.Dec.1 Trucking services rendered to B2B Trading on account, B33,000.3 Partial payment for furniture and fixtures, 86,000.5 Received a note from B2B Trading for one-third of the account.10 Delivered cargo to Isabela for Mr. William Jose on credit, B55,000.10 Incurred a gas expense of B12,850 for the delivery in Isabela.12 Paid secretary's and driver's salary for one month, #18,000.15 Paid B3,500 for utilities.18 Proceeds of loan from Allied Bank B500,000.20 Mr. Cruz withdrew B50,000 for holiday personal use.24 Remaining accounts receivable from B2B Trading was received.24 Received utilities bill for payment on January 3, 85,000.27 Mr. William Jose cleared his debts.28 Received B37,500 for a delivery service for IM Architectural Firm.29 Received remaining receivables from Mr. Val Montero.30 Delivered B12,700 worth of goods to IM Architectural Firm.

Name: Complete the following: FLASH TRUCKING SERVICESINCOME STATEMENTDECEMBE
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Description: Complete the following: FLASH TRUCKING SERVICESINCOME STATEMENTDECEMBER 31, 2014FLASH TRUCKING SERVICESSTATEMENT OF CHANGES TO OWNER'S EQUITY DECEMBER 31, 2014FLASH TRUCKING SERVICESBALANCE SHEETDECEMBER 31, 2014 FLASH TRUCKING SERVICESFLASH TRUCKING