The following accounts and balances were drawn from the records of Barker Company at December 31, Year 2: 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 $ 660 Beginning retained earnings Cash flow from financing act. Rent expense (7,700) 2,400 77,000 Dividends 44,000 Cash Accounts receivable. Prepaid rent Unearned revenue 7,700 Land 5,900 Accounts payable Income Stmt of Statement Changes 290 900 900 Complete this question by entering your answers in the tabs below. Balance Sheet $ 19,000 Required Use the accounts and balances from Barker Company to construct an income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows (show only totals for each activity on the statement of cash flows). Statement of O Cash flows (5,700) 2,300 5,400 11,800 19,000 5,100 7,700 35,000 16,350

The following accounts and balances were drawn from the records of Barker Company at December 31, Year 2: 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 $ 660 Beginning retained earnings Cash flow from financing act. Rent expense (7,700) 2,400 77,000 Dividends 44,000 Cash Accounts receivable. Prepaid rent Unearned revenue 7,700 Land 5,900 Accounts payable Income Stmt of Statement Changes 290 900 900 Complete this question by entering your answers in the tabs below. Balance Sheet $ 19,000 Required Use the accounts and balances from Barker Company to construct an income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows (show only totals for each activity on the statement of cash flows). Statement of O Cash flows (5,700) 2,300 5,400 11,800 19,000 5,100 7,700 35,000 16,350

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Description: The following accounts and balances were drawn from the records of Barker Company at December 31, Year 2:SuppliesCash flow from investing act.Prepaid insuranceService revenueOther operating expensesSupplies expenseInsurance expenseBeginning common s

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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