Question

The following accounts and balances were drawn from the records of Barker Company at
December 31, 2016:
Supplies ............... $ 1,000
Beginning retained earnings ....... $ 9,300
Cash flow from investing act. ...... (5,200)
Cash flow from financing act. ....... (5,000)
Prepaid insurance ............ 1,200
Rent expense .............. 2,500
Service revenue ............. 65,200
Dividends .............. 3,000
Other operating expenses ......... 41,000
Cash .................. 48,000
Supplies expense ............. 1,100
Accounts receivable .......... 14,200
Insurance expense ........... 2,100
Prepaid rent .............. 4,800
Beginning common stock ........ 40,000
Unearned revenue ........... 6,400
Cash flow from operating act. ...... 15,600
Land ................. 24,000
Common stock issued ........... 5,000
Accounts payable ............ 17,000
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).


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  • CreatedApril 20, 2015
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