Question: I need the balance sheet but the answer given is not correct. The only drop down options that I have are the following: Cash payment
I need the balance sheet but the answer given is not correct. The only drop down options that I have are the following: Cash payment for expenses, Cash payment on debt, Cash receivable for customers, cash receivable from stock issue, cash receivable for borrowed funds, and cash transaction from borrowed funds.
Here is the background Sentry, Inc. was started on January Year Year Transactions Acquired $ cash by issuing common stock. Earned $ of revenue on account. On October Year borrowed $ cash from the local bank. Incurred $ of operating expenses on account. Collected $ cash from accounts receivable. Paid $ cash to pay off a portion of the accounts payable. On December Year Sentry recognized accrued interest expense. The note had a oneyear term and an percent annual interest rate. Year Transactions Collected cash for the remaining balance in accounts receivable. Paid cash to settle the remaining balance of accounts payable. On September Year recognized accrued interest expense. On September Year paid cash to settle the balance of the interest payable account. On September Year paid cash to settle the notes payable. Required a Record the events for Year and Year in an accounting equation. At the end of Year total the columns to determine the Year account balances. The Year ending balances become the Year beginning balances. At the end of Year total the columns to determine the account balances for Year b Prepare an income statement, a statement of changes in stockholders' equity, a balance sheet, and a statement of cash flows for Year and Year c If the company were liquidated at the end of Year how much cash would be distributed to creditors? How much cash would be distributed to investors? And here is the table that needs to be filled!
SENTRY INC. Statement of Cash Flows For the Year Ended December Year & Year Year Year Net cash flow from operating activities Cash flows from investing activities Net cash flow from investing activities Cash flows from financing activities Net cash flow from financing activities Ending cash balance $ $
This is the answer that they gave me that I can not use. The red is the wording that they used, but they are not in my drop down options.
The only drop down options that I have are the following: Cash payment for expenses, Cash payment on debt, Cash receivable for customers, cash receivable from stock issue, cash receivable for borrowed funds, and cash transaction from borrowed funds.
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