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Cougar Tree Services reports the following amounts on December 31, 2024. Assets Liabilities and Stockholders Equity Cash $9,600 Accounts payable $15,400 Supplies 3,700 Salaries payable
Cougar Tree Services reports the following amounts on December 31, 2024. Assets Liabilities and Stockholders Equity Cash $9,600 Accounts payable $15,400 Supplies 3,700 Salaries payable 5,400 Prepaid insurance 5,400 Notes payable 39,000 Building 91,000 Common stock 40,000 Retained earnings 9,900 In addition, the company reported the following cash flows. Cash Inflows Cash Outflows Customers $98,000 Employee salaries $41,000 Borrow from the bank (note) 39,000 Supplies 23,000 Sale of investments 37,500 Dividends 16,000 Purchase building 100,000 Required: Prepare a balance sheet. Prepare a statement of cash flows.Cougar Tree Services reports the following amounts on December 31, 2024. Assets Liabilities and Stockholders Equity Cash $9,60
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