Part 1- Using the trial balance provided below prepare a Classified Balance Sheet for Useh Tele Solutions, Inc. Note: The trial balance below is available in EXCEL (see Acct 311-Lab 6 of 10- Student Excel- Trial Balance- Fall 2021) Note: The correct statement of retained earnings is provided below so that students will not need to complete the income statement to calculate ending retained earnings. Part 2- Prepare the Statement of Cash Flows for Xiong Corporation (see page 2 of this document)
Part 1- Using the trial balance provided below prepare a Classified Balance Sheet for Useh Tele Solutions, Inc. Note: The trial balance below is available in EXCEL (see Acct 311-Lab 6 of 10- Student Excel- Trial Balance- Fall 2021) Note: The correct statement of retained earnings is provided below so that students will not need to complete the income statement to calculate ending retained earnings. Part 2- Prepare the Statement of Cash Flows for Xiong Corporation (see page 2 of this document)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Part 1- Using the trial balance provided below prepare a Classified Balance Sheet for Useh Tele Solutions, Inc.
Note: The trial balance below is available in EXCEL (see Acct 311-Lab 6 of 10- Student Excel- Trial Balance-
Fall 2021)
Note: The correct statement of retained earnings is provided below so that students will not need to complete
the income statement to calculate ending retained earnings.
Part 2- Prepare the Statement of Cash Flows for Xiong Corporation (see page 2 of this document)
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