Question: please help me fill this out EXERCISES - SERIES B-CHAPTER 2 WORKING PAPERS Exercise 2-18 Recling eveats in a horitel financial statements mde LO 2

 please help me fill this out EXERCISES - SERIES B-CHAPTER 2
WORKING PAPERS Exercise 2-18 Recling eveats in a horitel financial statements mde
LO 2 The Bruce Spruce Co aperienced the fowing daring its fit
yar of opertions Yar I: Aged $75,000 cah by ing common tock
please help me fill this out

EXERCISES - SERIES B-CHAPTER 2 WORKING PAPERS Exercise 2-18 Recling eveats in a horitel financial statements mde LO 2 The Bruce Spruce Co aperienced the fowing daring its fit yar of opertions Yar I: Aged $75,000 cah by ing common tock 2 Eared $48,000 cash reven Pad $3000 cah for operating epenes 4. Borowed $30,000 cash from a bank . Paid $38000 cash to parchase land Paid a $2,000 cash dividend Required sein Use a borinetal fncil statements mod to show how each eve fs he statcn, and statcment of cash flows. Mo specificaly moord the amts of the oi the moded. Also, in the Sunement of Cash Flows com clly the cah fows opeating acivities (OAL inveing activiies A) or fiancing acties (FA The fin tranti Belance Sheet Income Statement Statement of Assets isb s Equity Cash Flows Cash Land Notes Pay Com. St Rt Ea Event Net inc 75,000 NA 75.000 75.000 FA 1 NA NA a. Statement Lish Stackhelders Equity Reenue EspensNet Inc C Fls Balasce Sheet Income Staeme Assets Nates Commen Retained CashLand Payable Stock HEarnings NA Event 75009 NA H NA NA NA H NA 750 FA 75099 w03s.aseH 2600 75000 48,000 12000 140 NC 2-2 EXERCISE 2-1B (cont.) Prepare a fomal income statcment, statcment of changes and staeme of cash fow in ockholden oity halnce het The Bruce Sprece Co. Income Statement The Bruce Spruce Co Statement of Changes in Stockholders Equity g Mi tading wop e oy cd s0of ot pc Bd pac g egiaaing accosts payable balase Ples: Miaus Ending custs payable balance EXERCISE 2-16B (cont.) w sing pab Mies r tading aot paa ging pb Mi ding w pasa Exc 2-M d a. PepD w Star Corperatin Acceesting Eqat Year Even Aet Lisili Stockhelders Equity Ra Salari Cash Parale Eaing Farad R rod Set (a) Sar Cerperation Balarce Sheet EXERCISE 2-7B (cont.) d the Yr 1 peing ivth Sr Dtin the a Deermine the aof et nt of cash fow 4Wya the s tR on da b. Computation of Net Income| Cash Fw frem Operating Activities d. TALLEY INC Recenling acconts eceile end ther ts ina hoiel fnciel att mod LO 2 22,24 Exeecise 2-58 The Wodok Shop aperinced the wing oduring s Srt year of openio Year 1 And 3000 caby ng Eed300ese on aco Pd $250h tperingp Bod S1500 cah from a b m Coll 25,0ot the be in Pid a$2000 sh dvid Required Uea ho rcid aaenets odd w wh eve e dhe he ein and e of ch fws Mo peialls mod the an of the eves i the A in the Sment of Ch o o cly the cah h peing actiies 0A ng sdAr fiing es(FA) The fi Bnce h nSatemnt A Accts Stement of Csh Flow Ey Notes Cam Evet Cash Py 8,000 NA 38.000 NA 3000 A EXERCISE 2-5B (cont.) a. alan Shut H U Hteke erts Re Nats Com Retained ableSck Earing Statmets t nCah ne Asse NA NA NAH EXERCISE 2-5B (cont.) onof the December 31. Yar L hlane hoe Dtemine e al e p Dmber ear 1, balance hot Detrmin the heYr1m Detemine the an of the ch w trom peting acivties thet appar in the Yar1 a of a y he m d in Reint &a the a d in Rimnt b. c. d. e. f. EXERCISES - SERIES B-CHAPTER 2 WORKING PAPERS Exercise 2-18 Recling eveats in a horitel financial statements mde LO 2 The Bruce Spruce Co aperienced the fowing daring its fit yar of opertions Yar I: Aged $75,000 cah by ing common tock 2 Eared $48,000 cash reven Pad $3000 cah for operating epenes 4. Borowed $30,000 cash from a bank . Paid $38000 cash to parchase land Paid a $2,000 cash dividend Required sein Use a borinetal fncil statements mod to show how each eve fs he statcn, and statcment of cash flows. Mo specificaly moord the amts of the oi the moded. Also, in the Sunement of Cash Flows com clly the cah fows opeating acivities (OAL inveing activiies A) or fiancing acties (FA The fin tranti Belance Sheet Income Statement Statement of Assets isb s Equity Cash Flows Cash Land Notes Pay Com. St Rt Ea Event Net inc 75,000 NA 75.000 75.000 FA 1 NA NA a. Statement Lish Stackhelders Equity Reenue EspensNet Inc C Fls Balasce Sheet Income Staeme Assets Nates Commen Retained CashLand Payable Stock HEarnings NA Event 75009 NA H NA NA NA H NA 750 FA 75099 w03s.aseH 2600 75000 48,000 12000 140 NC 2-2 EXERCISE 2-1B (cont.) Prepare a fomal income statcment, statcment of changes and staeme of cash fow in ockholden oity halnce het The Bruce Sprece Co. Income Statement The Bruce Spruce Co Statement of Changes in Stockholders Equity g Mi tading wop e oy cd s0of ot pc Bd pac g egiaaing accosts payable balase Ples: Miaus Ending custs payable balance EXERCISE 2-16B (cont.) w sing pab Mies r tading aot paa ging pb Mi ding w pasa Exc 2-M d a. PepD w Star Corperatin Acceesting Eqat Year Even Aet Lisili Stockhelders Equity Ra Salari Cash Parale Eaing Farad R rod Set (a) Sar Cerperation Balarce Sheet EXERCISE 2-7B (cont.) d the Yr 1 peing ivth Sr Dtin the a Deermine the aof et nt of cash fow 4Wya the s tR on da b. Computation of Net Income| Cash Fw frem Operating Activities d. TALLEY INC Recenling acconts eceile end ther ts ina hoiel fnciel att mod LO 2 22,24 Exeecise 2-58 The Wodok Shop aperinced the wing oduring s Srt year of openio Year 1 And 3000 caby ng Eed300ese on aco Pd $250h tperingp Bod S1500 cah from a b m Coll 25,0ot the be in Pid a$2000 sh dvid Required Uea ho rcid aaenets odd w wh eve e dhe he ein and e of ch fws Mo peialls mod the an of the eves i the A in the Sment of Ch o o cly the cah h peing actiies 0A ng sdAr fiing es(FA) The fi Bnce h nSatemnt A Accts Stement of Csh Flow Ey Notes Cam Evet Cash Py 8,000 NA 38.000 NA 3000 A EXERCISE 2-5B (cont.) a. alan Shut H U Hteke erts Re Nats Com Retained ableSck Earing Statmets t nCah ne Asse NA NA NAH EXERCISE 2-5B (cont.) onof the December 31. Yar L hlane hoe Dtemine e al e p Dmber ear 1, balance hot Detrmin the heYr1m Detemine the an of the ch w trom peting acivties thet appar in the Yar1 a of a y he m d in Reint &a the a d in Rimnt b. c. d. e. f

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!