The following accounts and balances were drawn from the records of Barker Company at December 31, Year

Question:

The following accounts and balances were drawn from the records of Barker Company at December 31, Year 2:

Supplies Cash flow from investing act. Prepaid insurance Service revenue $ 1,000 (5,200) 1,200 Beginning retained earnings Cash flow from financing act. Rent expense $ 9,300 (5,000) 2,500 65,200 Dividends 3,000 41,000 48,000 Other operating expenses Supplies expense Insurance expense Cash 1,100 Accounts receivable 14,200 2,100 40,000 15,600 5,000 Prepaid


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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Introductory Financial Accounting For Business

ISBN: 9781260575309

2nd Edition

Authors: Thomas Edmonds, Christopher Edmonds, Mark Edmonds, Jennifer Edmonds, Philip Olds

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