Question: Financial Statements The transactions and integrated financial statement framework for Terry Mason for February 20Y4 appear below: Terry Mason organized The Fifth Season at the
Financial Statements The transactions and integrated financial statement framework for Terry Mason for February 20Y4 appear below: Terry Mason organized The Fifth Season at the beginning of February 20Y4. During February, The Fifth Season entered into the following transactions: Terry Mason invested $27,750 in The Fifth Season in exchange for capital stock. Paid $6,300 on February 1 for an insurance premium on a 1-year policy. Purchased supplies on account, $2,460. Received fees of $61,110 during February. Paid expenses as follows: wages, $20,400; rent, $3,400; utilities, $1,700; and miscellaneous, $1,870. Paid dividends of $9,525. There was $1,353 of supplies on hand as of February 28.
Prepare an income statement for February.
Prepare a balance sheet for February.
Prepare a statement of cash flows for February. If your answer is zero enter "0". Enter net cash outflows as negative amounts
Prepare a retained earnings statement for February. If an amount box does not require an entry, leave it blank or enter zero "0"
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