March Transactions 1-thg 3 Performed car repair services and received cash at the time of sale,...

March Transactions
1-thg 3   Performed car repair services and received cash at the time of sale, $4,510.
4-thg 3   Paid wages and salaries for $2,230, part of which was accrued in February.
10-thg 3   Issued stock to new investors, $12,500.
15-thg 3   Made the interest payment on all notes, all is accrued in interest payable.
15-thg 3   Paid annual income taxes that was accrued in income taxes payable.
20-thg 3   Made a monthly payment on the equipment note, $65.
22-thg 3   Paid cash for advertising, $145.
27-thg 3   Performed car repair services on account, $4,075.
30-thg 3   Paid dividends to owners, $380.

March Adjusting Entries
31-thg 3   The estimated depreciation on building and equipment is $770.
31-thg 3   One month of rent has expired, $850.
31-thg 3   The annual interest rate is 4% on all notes and paid quarterly. Round to the nearest dollar.
31-thg 3   Accrued wages and salaries worked in March that will be paid 4-4, $1,705.
31-thg 3   The estimated income taxes for the month is $725.

Prepare the following Quarterly financial statements:
- a) Income Statement for quarter ended March 31
- b) Statement of Stockholders Equity for quarter ended March 31
- d) Statement of Cash Flows for quarter ended March 31
Extra Credit: Create a financial statement package for the quarterly consolidated financial statements (include March balance sheet) and save as one pdf file.

That's all information I have. No quater data

Expert Solution

quarterly consolidated financial statements

ekkarill92 answered 1 year ago

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