Check my work 4. Part de DOIT Required information Problem 3-32A Comprehensive probleme single cycle LO 3-1, 3-2, 3-3, 3.4 The following information pollos to the questions alsplayed below.) The following trencacions pertain to Smith Training Company for Yeart stablished the business worst acquired 553,00 cash from the le of common stock del Pald runt tortice space for two years, 316,320 cash. A. 30 Parchased $848 of supplies on account. y Received 525 cash in ance for crvices to be provided buer the next year. 20 Pald $630 ot the accounts payable from pri 10. Aug 25 Bulled a customer $10.200 for services provided on August Sest. Completed a job and received 53, cach for services rendered OL. 1 Pallow salaries of $34,520 cash. 15 Received 38,100 cash tror accounts recevable. Now 16 let 511, for services rendered on account Dec 1 Palda dividend of scae cash to the stockholders 31 Adjusted records to recognize the services provided on the contract of July 1 31 Recorded 52,5 of accrued salaries of December 31 11 Recorded to rent asperne for the year. (Su Pebruary 1. counted $40 of the period . Putere Problem 3-32A Part d. Prepare an income statement, statement of changes in stockholders' equity. balance sheet, and statement of cash flows for Your L Round your final answers to the nearest whole dollar amount. Statement of Cash Flows only, items to be deducted must be Indicated with a negative amount.) SMITH TRAINING COMPANY Financial Statements For the Year Ended December 31, Year 1 Income Sulement Service Expenses Sement of Changes in Stockholders Equity D Stockholders' Equity SMITH TRAINING COMPANY Balance Sheet As of December 31. Year 1 Rets Cash ers Liables 0 Stockholders' Equity Tocal stockholders outy Tecalabilities and stocolder og by SMITH TRAINING COMPANY Satument of Cash Flow For the Year Ended December 31, Yeart Cash Bow from operating activities 9 0 Natashowrompeting actes Cashdow from investing Cushdown from brancing activities Freya romski Padfordvidence Padfodidende et cash fou from financing actes Tat changes Pue lleginning the Ending tashlana 0 0 0 Check my work 4. Part de DOIT Required information Problem 3-32A Comprehensive probleme single cycle LO 3-1, 3-2, 3-3, 3.4 The following information pollos to the questions alsplayed below.) The following trencacions pertain to Smith Training Company for Yeart stablished the business worst acquired 553,00 cash from the le of common stock del Pald runt tortice space for two years, 316,320 cash. A. 30 Parchased $848 of supplies on account. y Received 525 cash in ance for crvices to be provided buer the next year. 20 Pald $630 ot the accounts payable from pri 10. Aug 25 Bulled a customer $10.200 for services provided on August Sest. Completed a job and received 53, cach for services rendered OL. 1 Pallow salaries of $34,520 cash. 15 Received 38,100 cash tror accounts recevable. Now 16 let 511, for services rendered on account Dec 1 Palda dividend of scae cash to the stockholders 31 Adjusted records to recognize the services provided on the contract of July 1 31 Recorded 52,5 of accrued salaries of December 31 11 Recorded to rent asperne for the year. (Su Pebruary 1. counted $40 of the period . Putere Problem 3-32A Part d. Prepare an income statement, statement of changes in stockholders' equity. balance sheet, and statement of cash flows for Your L Round your final answers to the nearest whole dollar amount. Statement of Cash Flows only, items to be deducted must be Indicated with a negative amount.) SMITH TRAINING COMPANY Financial Statements For the Year Ended December 31, Year 1 Income Sulement Service Expenses Sement of Changes in Stockholders Equity D Stockholders' Equity SMITH TRAINING COMPANY Balance Sheet As of December 31. Year 1 Rets Cash ers Liables 0 Stockholders' Equity Tocal stockholders outy Tecalabilities and stocolder og by SMITH TRAINING COMPANY Satument of Cash Flow For the Year Ended December 31, Yeart Cash Bow from operating activities 9 0 Natashowrompeting actes Cashdow from investing Cushdown from brancing activities Freya romski Padfordvidence Padfodidende et cash fou from financing actes Tat changes Pue lleginning the Ending tashlana 0 0 0
