The following accounts and balances were drawn from the records of Barker Company at December 31, 2018:
Question:
The following accounts and balances were drawn from the records of Barker Company at December 31, 2018:
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).
Transcribed Image Text:
$ 9,300 (5,000) 2,500 3,000 48,000 14,200 4,800 6,400 24,000 17,000 $1,000 g retained earnings 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 (5,200) 1,200 65,200 41,000 1,100 2,100 Prepaid rent 40,000 15,600 5,000 Cash flow from financing act. Rent expense Dividends Cash Accounts receivable Unearned revenue Land Accounts payable
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Barker Company Financial Statements For the Year Ended December 31 2018 Income Statement Revenue Ser...View the full answer
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Related Book For
Survey of Accounting
ISBN: 978-1259631122
5th edition
Authors: Thomas Edmonds, Christopher Edmonds, Philip Olds, Frances McNair, Bor Yi Tsay
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