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can someon please help me with this question Helen Parish started a design company on January 1 , Year 1 . On April 1 ,

can someon please help me with this question
Helen Parish started a design company on January 1, Year 1. On April 1, Year 1, Parish borrowed cash from a local bank by issuing a one - year $ 58,700 face value note with annual interest based on an 10 percent discount . During Year 1, Parish provided services for $ 35,650 cash . Required Record the events in an accounting equation prior to answering the questions a . What is the amount of total liabilities on the December 31, Year 1, balance sheet ? b . What is the amount of net income on the Year 1 income statement ?. What is the amount of cash flow from operating activities on the Year 1 statement of cash flows ?
Exercise 9-16A (Algo) Effect of a discount note on financial statements (Appendix) L09-8
Helen Parish started a design company on January 1, Year 1. On April 1, Year 1, Parish borrowed cash from a local bank by issuing a
one-year $58,700 face value note with annulal interest based on an 10 percent discount. During Year 1, Parish provided services for
$35,650 cash.
Required
Record the events in an accounting equation prior to answering the questions.
a. What is the amount of total liabilities on the December 31, Year 1, balance sheet?
b. What is the amount of net income on the Year 1 income statement?
c. What is the amount of cash flow from operating activities on the Year 1 statement of cash flows?
Complete this question by entering your answers in the tabs below.
Record the events in an accounting equation prior to answering the questions.
dollar.
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