Balance Sheet at December 31 Cash Accounts receivable Prepaid expenses Equipment Wages payable Common stock and...

 

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Balance Sheet at December 31 Cash Accounts receivable Prepaid expenses Equipment Wages payable Common stock and additional paid-in capital Retained earnings Income Statement for Current Year Lessons revenue Wages expense Other expenses Net income Additional Data: a. Prepaid expenses relate to rent b. Other expenses were paid in cash. c. Purchased equipment for $700 d. An owner contributed capital by Required: Prepare the statement of cash flows Current Year S $ $ $ $ S 4,000 1,300 100 700 6,100 650 1,700 3,750 6,100 34,550 30,200 3,650 700 Prior Year S S 4,500 800 250 0 5,550 1,100 1,400 3,050 5,550 Balance Sheet at December 31 Cash Accounts receivable Prepaid expenses Equipment Wages payable Common stock and additional paid-in capital Retained earnings Income Statement for Current Year Lessons revenue Wages expense Other expenses Net income Additional Data: a. Prepaid expenses relate to rent b. Other expenses were paid in cash. c. Purchased equipment for $700 d. An owner contributed capital by Required: Prepare the statement of cash flows Current Year S $ $ $ $ S 4,000 1,300 100 700 6,100 650 1,700 3,750 6,100 34,550 30,200 3,650 700 Prior Year S S 4,500 800 250 0 5,550 1,100 1,400 3,050 5,550

Answer rating: 100% (QA)

Statement of cashflow AWN 2 4 3 Cashflow from operations 5 6 A 7 8 B Revenue Wages Other Expens... View the full answer