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6. The following accounts and balances were drawn from the records of Barker Company at December 31, 2018: Supplies $ 820 Beginning retained earnings $
6.
The following accounts and balances were drawn from the records of Barker Company at December 31, 2018:
| Supplies | $ | 820 | Beginning retained earnings | $ | 20,000 | |||||||
| Cash flow from investing act. | (6,400 | ) | Cash flow from financing act. | (5,300 | ) | |||||||
| Prepaid insurance | 2,500 | Rent expense | 2,300 | |||||||||
| Service revenue | 80,000 | Dividends | 5,200 | |||||||||
| Other operating expenses | 43,000 | Cash | 11,900 | |||||||||
| Supplies expense | 230 | Accounts receivable | 20,000 | |||||||||
| Insurance expense | 1,000 | Prepaid rent | 4,800 | |||||||||
| Beginning common stock | 1,000 | Unearned revenue | 6,400 | |||||||||
| Cash flow from operating act. | 7,600 | Land | 37,000 | |||||||||
| Common stock issued | 5,400 | Accounts payable | 15,950 | |||||||||
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).
1
| BARKER COMPANY | ||
| Income Statement | ||
| For the Year Ended December 31, 2018 | ||
| Revenue | ||
| not attempted | not attempted | |
| not attempted | not attempted | |
| Total revenue | $0 | |
| Expenses | ||
| not attempted | not attempted | |
| not attempted | not attempted | |
| not attempted | not attempted | |
| not attempted | not attempted | |
| not attempted | not attempted | |
| Total expenses | 0 | |
| not attempted | $0 | |
2
| BARKER COMPANY | ||
| Statement of Changes in Stockholders Equity | ||
| For the Year Ended December 31, 2018 | ||
| Beginning common stock | not attempted | |
| not attempted | not attempted | |
| Ending common stock | $0 | |
| Beginning retained earnings | not attempted | |
| not attempted | not attempted | |
| not attempted | not attempted | |
| Ending retained earnings | 0 | |
| Total stockholders equity | $0 | |
3
| BARKER COMPANY | ||
| Balance Sheet | ||
| As of December 31, 2018 | ||
| Assets | ||
| not attempted | not attempted | |
| not attempted | not attempted | |
| not attempted | not attempted | |
| not attempted | not attempted | |
| not attempted | not attempted | |
| not attempted | not attempted | |
| not attempted | not attempted | |
| Total assets | $0 | |
| Liabilities | ||
| not attempted | not attempted | |
| not attempted | not attempted | |
| not attempted | not attempted | |
| Total liabilities | $0 | |
| Stockholders Equity | ||
| not attempted | not attempted | |
| not attempted | not attempted | |
| not attempted | not attempted | |
| Total stockholders equity | 0 | |
| Total liabilities and stockholders equity | $0 | |
4
| BARKER COMPANY | |
| Statement of Cash Flows | |
| For the Year Ended December 31, 2018 | |
| Cash flow from operating activities | not attempted |
| Cash flow from investing activities | not attempted |
| Cash flow from financing activities | not attempted |
| Net change in cash | (4,100) |
| not attempted | not attempted |
| Ending cash balance | $11,900 |
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