In: Accounting
The following accounts and balances were drawn from the records of Barker Company at December 31, 2018:
Supplies | $ | 770 | Beginning retained earnings | $ | 18,000 | |||||||
Cash flow from investing act. | (6,900 | ) | Cash flow from financing act. | (5,600 | ) | |||||||
Prepaid insurance | 2,500 | Rent expense | 2,600 | |||||||||
Service revenue | 85,000 | Dividends | 5,400 | |||||||||
Other operating expenses | 43,000 | Cash | 12,300 | |||||||||
Supplies expense | 240 | Accounts receivable | 18,000 | |||||||||
Insurance expense | 1,200 | Prepaid rent | 4,900 | |||||||||
Beginning common stock | 900 | Unearned revenue | 6,900 | |||||||||
Cash flow from operating act. | 7,000 | Land | 38,000 | |||||||||
Common stock issued | 5,700 | Accounts payable | 12,410 | |||||||||
Required
Use the accounts and balances from Barker Company to construct an income statement, statement of changes in stockholders’ equity, balance sheet, and statement of cash flows (show only totals for each activity on the statement of cash flows).
Use the accounts and balances from Barker Company to construct an income statement.
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Use the accounts and balances from Barker Company to construct statement of changes in stockholders’ equity.
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Use the accounts and balances from Barker Company to construct balance sheet.
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Use the accounts and balances from Barker Company to construct statement of cash flows (show only totals for each activity on the statement of cash flows). (Amounts to be deducted and cash outflows should be indicated with a minus sign.)
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