Question: Please fill in highlight sections! Also PLEASE include excel formulas used for each answer. All transactions are cash. This is all the information given. E

Please fill in highlight sections! Also PLEASE include excel formulas used forPlease fill in highlight sections!

Also PLEASE include excel formulas used for each answer. All transactions are cash. This is all the information given.

E L M N 0 P Q R S T U V W A B C D F G H 1 K 1 The following horizontal statements model shows the transactions experienced by Red Cat Coffee during Year 1. 2 The tables contains missing data that are highlighted in yellow. Assume all transactions are cash transactions 3 4 Required: 5 Use excel formulas to fill in the missing amounts. 6 Income Statement + 7 8 8 9 10 11 12 13 Assets + Statement of Cash Flows + Rev. 0 Exp. 0 + + - + Net Inc. 0 0 0 + + Stockholders' Equity Com. Stk. + Ret. Earn. 0 0 0 0 0 0 0 Cash 0 400,000 250,000 (200,000) 90,000 (40,000) 0 Balance Sheet Liab. Notes. Pay. 0 0 250.000 0 0 0 0 + + Event Beg. 1 2 3 4 5 6 End + 0 Land 0 0 0 200,000 0 0 0 - + + 0 0 0 NA 400.000 FA 250,000 FA (200,000) LA 90,000 OA (40,000) OA (10,000) FA + + 0 + + = + + 90.000 0 0 0 0 0 = = = (10,000) (40,000) 0 + = + + 0 15 16 17 18 19 20 490,000 + = + + = 21

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!