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Download ACES.CO. ZA11201220 20011 IV. Accounting Equation - Fill in the accounting equation using the figures fr financial statements for the Sierra Corporation. 2 1

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Download ACES.CO. ZA11201220 20011 IV. Accounting Equation - Fill in the accounting equation using the figures fr financial statements for the Sierra Corporation. 2 1 78 Sierra Corporation income statement For the Month Ended October 31, 2023 Spiegen Sierra Corporation Retained Earnings Statement For the Menth Ended October 31, 2022 Hemed amet Sierra Corporation Balance Sheet October 31, 2022 DELL LIB-REF-17 Sierra Corporation Income Statement For the Month Ended October 31, 2022 $10.500 55200 Revenues Service revenue Expenses Salaries expense Rent expense Supplies expense Depreciation expense Interest expense Insurance expense Total expenses Net Income Sierra Corporation Retained Earnings Statement For the Month Ended October 31, 2022 Retained earnings, October 1 Add: Net Income Les Dividends Retained earnings, October 31 Sierra Corporation Balance Sheet October 31, 2022 Tualet L es and there is DELL LIB-REF-17 FOOD Retained earnings, October 31 Sierra Corporation Balance Sheet October 31, 2022 $15.00 1. $21.910 Cash Accounts receivable Advertising supplies Prepaid insurance Equipment, net Total assets Liabilities and Stockholders' Equity Liabilities Notes payable Accounts payable Uncanned service revenue Salaries and wages payable Interest payable Total liabilities Stockholders' equity Common stock Retained earnings Total stockholders' equity Total abilities and stockholders' equity $ 9.550 230 1210 Sierra Corporation Statement of Cash Flows For the Month Ended October 31, 2022 ont flows from operating activities Cash recipes from operating activities Cash puns fora c tivities Netcash provided th i ng activities 5.000 Net byt te Cash flows from financing activities Issuance of stock re Nachded by cinc DOLL LIB-REF-17 Total stockholders' equity Total liabilities and stockholders' equity 12,360 $21.910 $ 5,700 Sierra Corporation Statement of Cash Flows For the Month Ended October 31, 2022 Cash flows from operating activities Cash receipts from operating activities $11.200 Cash payments for operating activities (5,500) Net cash provided by operating activities Cash flows from investing activities Purchased office equipment (5.000) Net cash used by investing activities Cash flows from financing activities Issuance of common stock 10,000 Issuance of note payable 5.000 Payment of dividend (500) Net cash provided by financing activities Net increase in cash Cash at beginning of period Cash at end of period (5,000) 14,500 15.200 $15.200

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