Squirrel Tree Services reports the following amounts on December 31, 2024. In addition, the company reported the
Question:
Squirrel Tree Services reports the following amounts on December 31, 2024.
In addition, the company reported the following cash flows.
Required:
1. Prepare a balance sheet.
2. Prepare a statement of cash flows.
Transcribed Image Text:
Assets Cash Supplies Prepaid insurance Building $ 7,700 1,800 3,500 72,000 Liabilities and Stockholders' Equity Accounts payable Salaries payable Notes payable Common stock Retained earnings $ 9,700 3,500 20,000 40,000 11,800
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1 Balance Sheet Squirrel Tree Services Balance Sheet As of December 31 2024 Assets Cash 7700 Supplie...View the full answer
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