Check my work 7 Part 5 of 5 80 points eBook Print References The following transactions...

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Check my work 7 Part 5 of 5 80 points eBook Print References The following transactions apply to Walnut Enterprises for Year 1, its first year of operations: 1. Received $41,000 cash from the issue of a short-term note with a 4 percent interest rate and a one-year maturity. The note was made on April 1, Year 1. 2. Received $121,000 cash plus applicable sales tax from performing services. The services are subject to a sales tax rate of 5 percent. 3. Paid $72,500 cash for other operating expenses during the year. 4. Paid the sales tax due on $101,000 of the service revenue for the year. Sales tax on the balance of the revenue is not due until Year 2. 5. Recognized the accrued interest at December 31, Year 1. The following transactions apply to Walnut Enterprises for Year 2: 1. Paid the balance of the sales tax due for Year 1. 2. Received $146,000 cash plus applicable sales tax from performing services. The services are subject to a sales tax rate of 5 percent. 3. Repaid the principal of the note and applicable interest on April 1, Year 2. 4. Paid $85,500 of other operating expenses during the year. 5. Paid the sales tax due on $121,000 of the service revenue. The sales tax on the balance of the revenue is not due until Year 3. (For all requirements, round your intermediate and final answers to the nearest whole dollar amount.) f-1. Record the Year 2 transactions in general journal form. f-2. Post the Year 2 transactions to T-accounts. f-3. Prepare an income statement for Year 2. f-4. Prepare a statement of changes in stockholders' equity for Year 2. f-5. Prepare a balance sheet for Year 2. 1-6. Prepare a statement of cash flows for Year 2 f-7. Prepare closing entries for Year 2. 1-8. Post the Year 2 closing entries to T-accounts. f-9. Prepare a post-closing trial balance for Year 2. 7 Part 5 of 5 80 points On the V Required information 1-5. Prepare a balance sheet for Year 2. f-6. Prepare a statement of cash flows for Year 2. 1-7. Prepare closing entries for Year 2. f-8. Post the Year 2 closing entries to T-accounts. 1-9. Prepare a post-closing trial balance for Year 2. Complete this question by entering your answers in the tabs below. eBook Req F1 Req F2 and F8 Req F3 Req F4 Req FS Req F6 Req F7 Req F9 Print References Prepare an income statement for Year 2. WALNUT ENTERPRISES Income Statement For the Year Ended December 31, Year 2 Expenses Total operating expenses $ 0 Check my work 7 Part 5 of 5 80 points Required information f-5. Prepare a balance sheet for Year 2. f-6. Prepare a statement of cash flows for Year 2. f-7. Prepare closing entries for Year 2. f-8. Post the Year 2 closing entries to T-accounts. f-9. Prepare a post-closing trial balance for Year 2. Complete this question by entering your answers in the tabs below. eBook Req F1 Req F2 and FB Req F3 Req F4 Req FS Req F6 Req F7 Req F9 Print Prepare a statement of changes in stockholders' equity for Year 2. WALNUT ENTERPRISES Statement of Changes of Stockholders' Equity For the Year Ended December 31, Year 2 References Common stock 0 Total stockholders' equity. $ 0 Check my work 7 Part 5 of 5 vranara a narance enoot to Your Required information T-8. Post the rear closing entries to 1-accounts. 1-9. Prepare a post-closing trial balance for Year 2. Complete this question by entering your answers in the tabs below. 80 points Req F1 Req F2 and FB Req F3 Reg F4 Req FS Req F6 Req F7 Req F9 eBook Print Prepare a balance sheet for Year 2. Assets References Total assets Liabilities Total liabilities Stockholders' equity Total stockholders' equity WALNUT ENTERPRISES Balance Sheet As of December 31, Year 2 Total liabilities and stockholders' equity $ 0 0 $ 0 Check my work 7 Pronare annet.cincing mainaiance for year Required information Complete this question oy entering your answers in the taos below. Part 5 of 5 Req F1 Req F2 and FB Req F3 Req F4 Req F5 Req F6 ReqF7 Req F9 80 points eBook Print References Prepare a statement of cash flows for Year 2. (Enter cash outflows and amounts to be deducted with a minus sign.) WALNUT ENTERPRISES Statement of Cash Flows For the Year Ended December 31, Year 2 Cash flows from operating activities: Net cash flow from operating activities Cash flows from investing activities Cash flows from financing activities Net cash flow from financing activities. Net change in cash Ending cash balance $ 0 0 $ 0 Check my work Check my work 7 Part 5 of 5 80 points eBook Print References The following transactions apply to Walnut Enterprises for Year 1, its first year of operations: 1. Received $41,000 cash from the issue of a short-term note with a 4 percent interest rate and a one-year maturity. The note was made on April 1, Year 1. 2. Received $121,000 cash plus applicable sales tax from performing services. The services are subject to a sales tax rate of 5 percent. 3. Paid $72,500 cash for other operating expenses during the year. 4. Paid the sales tax due on $101,000 of the service revenue for the year. Sales tax on the balance of the revenue is not due until Year 2. 5. Recognized the accrued interest at December 31, Year 1. The following transactions apply to Walnut Enterprises for Year 2: 1. Paid the balance of the sales tax due for Year 1. 2. Received $146,000 cash plus applicable sales tax from performing services. The services are subject to a sales tax rate of 5 percent. 3. Repaid the principal of the note and applicable interest on April 1, Year 2. 4. Paid $85,500 of other operating expenses during the year. 5. Paid the sales tax due on $121,000 of the service revenue. The sales tax on the balance of the revenue is not due until Year 3. (For all requirements, round your intermediate and final answers to the nearest whole dollar amount.) f-1. Record the Year 2 transactions in general journal form. f-2. Post the Year 2 transactions to T-accounts. f-3. Prepare an income statement for Year 2. f-4. Prepare a statement of changes in stockholders' equity for Year 2. f-5. Prepare a balance sheet for Year 2. 1-6. Prepare a statement of cash flows for Year 2 f-7. Prepare closing entries for Year 2. 1-8. Post the Year 2 closing entries to T-accounts. f-9. Prepare a post-closing trial balance for Year 2. 7 Part 5 of 5 80 points On the V Required information 1-5. Prepare a balance sheet for Year 2. f-6. Prepare a statement of cash flows for Year 2. 1-7. Prepare closing entries for Year 2. f-8. Post the Year 2 closing entries to T-accounts. 1-9. Prepare a post-closing trial balance for Year 2. Complete this question by entering your answers in the tabs below. eBook Req F1 Req F2 and F8 Req F3 Req F4 Req FS Req F6 Req F7 Req F9 Print References Prepare an income statement for Year 2. WALNUT ENTERPRISES Income Statement For the Year Ended December 31, Year 2 Expenses Total operating expenses $ 0 Check my work 7 Part 5 of 5 80 points Required information f-5. Prepare a balance sheet for Year 2. f-6. Prepare a statement of cash flows for Year 2. f-7. Prepare closing entries for Year 2. f-8. Post the Year 2 closing entries to T-accounts. f-9. Prepare a post-closing trial balance for Year 2. Complete this question by entering your answers in the tabs below. eBook Req F1 Req F2 and FB Req F3 Req F4 Req FS Req F6 Req F7 Req F9 Print Prepare a statement of changes in stockholders' equity for Year 2. WALNUT ENTERPRISES Statement of Changes of Stockholders' Equity For the Year Ended December 31, Year 2 References Common stock 0 Total stockholders' equity. $ 0 Check my work 7 Part 5 of 5 vranara a narance enoot to Your Required information T-8. Post the rear closing entries to 1-accounts. 1-9. Prepare a post-closing trial balance for Year 2. Complete this question by entering your answers in the tabs below. 80 points Req F1 Req F2 and FB Req F3 Reg F4 Req FS Req F6 Req F7 Req F9 eBook Print Prepare a balance sheet for Year 2. Assets References Total assets Liabilities Total liabilities Stockholders' equity Total stockholders' equity WALNUT ENTERPRISES Balance Sheet As of December 31, Year 2 Total liabilities and stockholders' equity $ 0 0 $ 0 Check my work 7 Pronare annet.cincing mainaiance for year Required information Complete this question oy entering your answers in the taos below. Part 5 of 5 Req F1 Req F2 and FB Req F3 Req F4 Req F5 Req F6 ReqF7 Req F9 80 points eBook Print References Prepare a statement of cash flows for Year 2. (Enter cash outflows and amounts to be deducted with a minus sign.) WALNUT ENTERPRISES Statement of Cash Flows For the Year Ended December 31, Year 2 Cash flows from operating activities: Net cash flow from operating activities Cash flows from investing activities Cash flows from financing activities Net cash flow from financing activities. Net change in cash Ending cash balance $ 0 0 $ 0 Check my work