Current Attempt in Progress You are presented with the following alphabetical list of accounts and balances (in thousands) for Carla Vista Enterprises Inc. at June 30, 2021. All accounts have a normal balance. $4,500 Income tax payable $ 200 4,500 200 Accounts payable Accounts receivable Accumulated depreciation-buildings Accumulated depreciation equipment Buildings 3,000 12.100 2.000 3.250 12,500 12,500 Cash 1.800 Interest expense Land Long-term investments Mortgage payable, due 2025 Office expense Prepaid insurance Retained earnings Service revenue Salaries expense 3.300 Common shares 5,000 900 2.000 6,500 Dividends declared Equipment Income tax expense 4,500 25,850 2.000 12,500 In addition to this information, common shares in the amount of $ 2.000 were issued during the year and $ 1.250 of the mortgage is currently due. In addition to this information, common shares in the amount of $ 2,000 were issued during the year and $ 1.250 of the mortgage is currently due Prepare a statement of income for the year. (Enter amounts in thousands.) CARLA VISTA ENTERPRISES INC. Statement of Income Prepare a statement of changes in equity for the year. (Enter amounts in thousands. If an amount reduces the account balance then enter with negative sign or parentheses es. (45) or-45.) CARLA VISTA ENTERPRISES INC. Statement of Changes in Equity Common Shares Retained Earnings Total Equity > Prepare a statement of financial position for the year. (Enter amounts in thousands List current assets in order of liquidity and Property Plant, and Equipment in order of Land, Buildings, and Equipment.) CARLA VISTA ENTERPRISES INC. Statement of Financial Position Assets s 24 tv A 1) - /20 III Question 5 of 6 Liabilities and Shareholders' Equity $ 3 1 call Referencing F M BE3.7 Using Excel to Journalize Transactions PROBLEM 5 Rko Lidincurred several transactions during the period that are shown in the student work area Student Work Area Required: Provide input into cells shaded in yellow in this template. Use mathematical formulas with coll references to the Problem or work area as indicated 10 11 Joumalize the transactions for Riko Ltd Issued common shares to shareholders in exchange for cash $5,000 1 10 15 16 Debat Credit 2. Paid rent in advance for two months 2.100 18 19 20 21 22 28 24 25 30 20 18 3. Pald administrative assistant salary 500 Bled clients for services provided 10 1,200 s. Received partial payment from clients for Vis provided in tem & above 13 900 #7 30 40 41 Purchased supplies on account 500 64 " Paid supplier amount owing on account Enter Answer 500 + Ready K L M N E F G H 14. Billed clients for services provided. 1,200 '5. Received partial payment from clients for services provided in item 4 above. 900 '6. Purchased supplies on account. 500 '7. Paid supplier amount owing on account. 500 8. Borrowed cash from the bank to purchase equipment 1,000
