Question

The following accounts, balances, and other financial information are drawn from the records of Vong Company for the year 2013:


The Cash account revealed the following cash flows:
Received cash from advances from customers ......... $ 2,600
Purchased office equipment ................. (3,500)
Received cash from issuing stock .............. 3,000
Collected cash from accounts receivable .......... 3,800
Purchased land ...................... (8,000)
Received cash from borrowing funds ........... 6,000
Paid cash for rent ......... ............ (1,200)
Sold land ....................... 10,000
Paid cash for dividends .................. (1,500)
Paid cash for operating expenses ............. (1,000)
Purchased certificate of deposit ............... (10,000)

Required
Build an Excel spreadsheet to construct a multistep income statement, statement of changes in stockholders’ equity, balance sheet, and statement of cash flows for the year2013.


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  • CreatedOctober 26, 2013
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