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In: Accounting

The following information is available for the New York Giants Rental.             Assets at December 31,...

  1. The following information is available for the New York Giants Rental.

           

Assets at December 31, 2004........................................

$152,000

2004 Cash inflows from operating activities..................

105,000

2004 Cash outflows from financing activities................

(44,000)

2004 Cash outflows from investing activities................

(84,000)

2004 Expenses..............................................................

43,000

Equity at December 31, 2003........................................

62,000

Liabilities at December 31, 2004...................................

28,000

2004 Revenues..............................................................

135,000

2004 Withdrawals.........................................................

(30,000)

                        Using the above information prepare an Income Statement, Statement of Owner's Equity, and Statement of Cash Flows for the Skate and Boards Rental for 2004. Also prepare its Balance Sheet as of December 31, 2004.

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ekkarill92 answered 1 year ago
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