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Can someone look over what I have done and give me feedback on if I am doing this correctly or not please. Sequoia, Inc. Statements
Can someone look over what I have done and give me feedback on if I am doing this correctly or not please.
Sequoia, Inc. Statements Model Balance Sheet Event 1 2 3 4 5 6 7 8 9 10 Assets + + + + NA NA NA NA - = Liab. NA NA NA NA NA + NA NA NA - Income Stateme + S. Equity + + + + NA ++NA Rev. - NA NA NA NA NA NA NA NA NA NA The following events were experienced by Sequoia, Inc.: Issued cumulative preferred stock for cash. Issued common stock for cash. Issued noncumulative preferred stock for cash Paid cash to purchase treasury stock. Sold treasury stock for an amount of cash that was more than the cost of the treasu Declared a cash dividend. Declared a 2-for-1 stock split on the common stock. Distributed a stock dividend. Appropriated retained earnings. Paid a cash dividend that was previously declared. Required Show the effect of each event on the elements of the financial statements using model like the following one. Use + for increase, for decrease, and NA for not a column indicate whether the item is an operating activity (OA), investing activity (IA The first transaction is entered as an example Income Statement Exp. NA NA NA NA NA NA NA NA NA NA = Stmt. of Net Inc. NA NA NA NA NA NA NA NA NA NA Cash Flow +FA +FA +FA -FA +FA NA NA NA NA -FA cost of the treasury stock statements using a horizontal statements , and NA for not affected. In the Cash Flow vesting activity (IA), or financing activity (FA). an example ??? Horizontal Analysis of Balance Sheet 2019 Amount Assets Cash 2018 Amount $ % DifferenceDifference $ 40,000 $ 36,000 $ 4,000 11.1% Total current asset $ 274,000 $ 241,000 Investments $ 33,000 11.4% $ 600,000 $ 540,000 $ 60,000 11.1% Total current liabili $ 151,800 $ 121,000 $ 30,800 12.5% Total noncurrent lia $ 132,000 $ 127,000 Total liabilities $ 283,800 $ 248,000 Stockholders' Equity $ 5,000 $ 35,800 10.4% 11.4% Total stockholders' equ$ 316,200 $ 292,000 $ 24,200 10.8% Total Liabilities and $ 600,000 $ 540,000 $ 60,000 11.1% Total long-term assets Total Assets Liabilities ****You need to complete accounts and amounts ??? Horizontal Analysis of Income Statement (Income Statement) 2019 Amount 2018 Amount Difference % Difference Revenues Total Revenues Expenses $ 238,000 $ 215,000 $ 23,000 11.06% Total Expenses Net Income $ 206,000 $ 182,200 $ 23,800 11.30% ****You need to complete accounts and amountsStep by Step Solution
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