The following information for the year ended December 31, 2021, was reported by Nice Bite, Incorporated...
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The following information for the year ended December 31, 2021, was reported by Nice Bite, Incorporated Accounts Payable Accounts Receivable Cash (balance on January 1, 2021) Cash (balance on December 31, 2021) Common Stock Dividends Equipment Income Tax Expense Interest Expense Inventory Notes Payable office Expense Prepaid Rent Retained Bernings (beginning) Salaries and Hages Expanse Service Ravenue Utilities Expense salaries and Wages Payable Other cash flow information: Cash from issuing common stock Cash paid to reacquire common stock cash paid for income taxes cash paid to purchase long-term assets Cash paid to suppliers and employees Cash received from customers $ 46,000 23,800 90,400 78,000 152,500 0 137,700 10,200 29,600 17,300 25,000 14,400 7,100 6,900 35,800 139,800 25,200 9,000 $ 22,000 24,500 11,100 53,400 84,400 139,000 1. Prepare an income statement for 2021. 3. Prepare a balance sheet for 2021. 4. Prepare a statement of cash flows for 2021. (Cash outflows should be entered as negative amounts.) The following information for the year ended December 31, 2021, was reported by Nice Bite, Incorporated Accounts Payable Accounts Receivable Cash (balance on January 1, 2021) Cash (balance on December 31, 2021) Common Stock Dividends Equipment Income Tax Expense Interest Expense Inventory Notes Payable office Expense Prepaid Rent Retained Bernings (beginning) Salaries and Hages Expanse Service Ravenue Utilities Expense salaries and Wages Payable Other cash flow information: Cash from issuing common stock Cash paid to reacquire common stock cash paid for income taxes cash paid to purchase long-term assets Cash paid to suppliers and employees Cash received from customers $ 46,000 23,800 90,400 78,000 152,500 0 137,700 10,200 29,600 17,300 25,000 14,400 7,100 6,900 35,800 139,800 25,200 9,000 $ 22,000 24,500 11,100 53,400 84,400 139,000 1. Prepare an income statement for 2021. 3. Prepare a balance sheet for 2021. 4. Prepare a statement of cash flows for 2021. (Cash outflows should be entered as negative amounts.)
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Income Statement for the year ended December 31 2021 Amount Service Revenue 139000 Expenses Cost of ... View the full answer
Related Book For
Fundamentals of Financial Accounting
ISBN: 978-1259864230
6th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
Posted Date:
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