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Borrowed $ 4 4 , 0 0 0 from the bank to start the business. Provided $ 3 4 , 0 0 0 of services
Borrowed $ from the bank to start the business.
Provided $ of services to clients and collected $ cash.
Paid salary expense of $
Data for Sports Clothing
Borrowed $ from the bank to start the business.
Purchased $ inventory for cash.
Inventory costing $ was sold for $ cash.
Paid $ cash for operating expenses.
Required:
a Prepare an income statement, balance sheet, and statement of cash flows for each of the companies.
Complete this question by entering your answers in the tabs below.
tabletableHopkinsIncomeStatementtableHopkinsBalance SheettableHopkinsStatementCash FlowstableSports IncomeStatementtableSports BalanceSheettableSportsStatementCash Flows
tableHOPKINS CPAsStatement of Cash Flows,Cash flows from operating activities:,,Net cash flow from operating activities,,Cash flows from investing activities:,,Net cash flow from investing activities,,Cash flows from financing activities:,,Net cash flow from financing activities,,Ending cash balance,,
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