Question: Missing Amounts from Financial StatementsThe financial statements at the end of Wolverine Realty's first month of operations are as follows:Required:Question Content AreaAnalyze the interrelationships among
Missing Amounts from Financial StatementsThe financial statements at the end of Wolverine Realty's first month of operations are as follows:Required:Question Content AreaAnalyze the interrelationships among the four financial statements and enter the missing amounts. If an amount is zero, enter Wolverine RealtyIncome StatementFor the Month Ended April YFees earned$fill in the blank dfdaExpenses:Wages expense$Rent expenseSupplies expensefill in the blank dfdbUtilities expenseMiscellaneous expenseTotal expensesNet income$Question Content AreaWolverine RealtyStatement of Owner's EquityFor the Month Ended April YDakota Rowe, capital, April Y$fill in the blank fcffcbcInvestment on April $Net income for Aprilfill in the blank fcffcbdWithdrawalsIncrease in owner's equityfill in the blank fcffcbeDakota Rowe, capital, April Y$fill in the blank fcffcbfQuestion Content AreaWolverine RealtyBalance SheetMay YAssetsCash$ Supplies Land Total assets$fill in the blank bbfebfcdgLiabilitiesAccounts payable$ Owners EquityDakota Rowe, capitalfill in the blank bbfebfcdhTotal liabilities and owners equity$fill in the blank bbfebfcdiQuestion Content AreaUse the minus sign to indicate cash outflows, decreases in cash, and cash payments.Wolverine RealtyStatement of Cash FlowsFor the Month Ended April YCash flows from used for operating activities:Cash received from customers$fill in the blank bfbfcdjCash paid for operating expenses and to creditorsNet cash flow from operating activities$fill in the blank bfbfcdkCash flows from used for investing activities:Cash paid for acquisition of landfill in the blank bfbfcdlCash flows from used for financing activities:Cash received from owner as investment$fill in the blank bfbfcdmCash withdrawals by ownerfill in the blank bfbfcdnNet cash flow from financing activitiesfill in the blank bfbfcdoNet increase decrease in cashblank$fill in the blank bfbfcdpCash balance, April YblankCash balance, April Y$fill in the blank bfbfcdq
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