E -ABCD 1 Given Data P01-34A MARK'S CONSULTING Transactions for Year 1: Cash acquired from stock issuance 2. Cash received for services 3. Cash borrowed from creditors 4. Expenses paid 5. Land purchase 20.000 35,000 25,000 22,000 30,000 0 Transactions for Year 2: 8 CONOWN- Beginning Cash Balances: Cash Land Notes Payable Common Stock Retained Earnings 28,000 30,000 25,000 20,000 13,000 1. Cash acquired from stock issuance 2. Cash received for Year 2 services 3. Cash paid to creditors 4. Expenses paid 5. Dividend paid 6 Determined market value of land 24,000 95.000 15,000 71,500 3,000 47.000 27 P01-34A Given P01-34A Start your search PROTECTED VIEW Be carefules from the Internet can contain viruses. Unless you need to edit, it's safe to stay in Protected View Table 01 .1 1 Staden Name Problem 01.LA Requirement: MARK'S CONSULTING Accounting Equation for Year 1 4 Paid Expenses 5 Purchased Land MARK'S CONSULTING Accounting Equation for Year 2 Assets Liabilities Stockholders' Equity Common Retained Earnings hoct. Cast Land Event Beginning Balance 1. Issud Stock 2. Revenue 3. Paid Loan 4 Paid Expenses 5 Padded 6 Land Value P01-34A Given P01-34A O Start your search PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit it's safer to stay in Protecte LAB G H I D E F MARK'S CONSULTING Income Statements For the Period Ended December 31 Year 1 Service Revenue Expenses Not Income MARK'S CONSULTING Statements of Changes in Stockholders' Equity For the Period Ended December 31 Beginning Common Stock Plus Common Stock Issued Ending Common Stock Beginning Retained Earnings Plus: Not Income Less Dividends Ending Retained Earnings Total Stockholder's Equity MARK'S CONSULTING Balance Sheets As of December 31 Year 1 Year 2 Assets Cash 70 71 Total Assets Liabilities P01-34A Given P01-34A Start your search Ble w AutoSave O S U C H01-Student (1) - Protected View Excel p Search File Home Insert Draw Page Layout Formulas Data Review View Help O PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. D1 F G H 73 AR 71 Liabilities Notes Payable Stockholders' Equity Common Stock 75 Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 74 MARK'S CONSULTING Statements of Cash Flows For the Year Ended December 31 RR 9 Year 1 Year 2 Cash Flows from Operating Activities Cash Receipts from Customers Cash Payments for Expenses Net Cash Flow from Operating Activities Cash Flows from Investing Activities Cash Payment for Land Net Cash Flow from Investing Activities 100 do Cash Flows from Financing Activities Cash Receipts from Borrowing Cash Receipts from Stock Issue Cash Payment of Debt Cash Payment for Didends Net Cash Flow from Financing Activities Net Change in Cash Pus Beginning Cash Balance Ending Cash Balance P01-34A Given P01-34A Start your search E -ABCD 1 Given Data P01-34A MARK'S CONSULTING Transactions for Year 1: Cash acquired from stock issuance 2. Cash received for services 3. Cash borrowed from creditors 4. Expenses paid 5. Land purchase 20.000 35,000 25,000 22,000 30,000 0 Transactions for Year 2: 8 CONOWN- Beginning Cash Balances: Cash Land Notes Payable Common Stock Retained Earnings 28,000 30,000 25,000 20,000 13,000 1. Cash acquired from stock issuance 2. Cash received for Year 2 services 3. Cash paid to creditors 4. Expenses paid 5. Dividend paid 6 Determined market value of land 24,000 95.000 15,000 71,500 3,000 47.000 27 P01-34A Given P01-34A Start your search PROTECTED VIEW Be carefules from the Internet can contain viruses. Unless you need to edit, it's safe to stay in Protected View Table 01 .1 1 Staden Name Problem 01.LA Requirement: MARK'S CONSULTING Accounting Equation for Year 1 4 Paid Expenses 5 Purchased Land MARK'S CONSULTING Accounting Equation for Year 2 Assets Liabilities Stockholders' Equity Common Retained Earnings hoct. Cast Land Event Beginning Balance 1. Issud Stock 2. Revenue 3. Paid Loan 4 Paid Expenses 5 Padded 6 Land Value P01-34A Given P01-34A O Start your search PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit it's safer to stay in Protecte LAB G H I D E F MARK'S CONSULTING Income Statements For the Period Ended December 31 Year 1 Service Revenue Expenses Not Income MARK'S CONSULTING Statements of Changes in Stockholders' Equity For the Period Ended December 31 Beginning Common Stock Plus Common Stock Issued Ending Common Stock Beginning Retained Earnings Plus: Not Income Less Dividends Ending Retained Earnings Total Stockholder's Equity MARK'S CONSULTING Balance Sheets As of December 31 Year 1 Year 2 Assets Cash 70 71 Total Assets Liabilities P01-34A Given P01-34A Start your search Ble w AutoSave O S U C H01-Student (1) - Protected View Excel p Search File Home Insert Draw Page Layout Formulas Data Review View Help O PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. D1 F G H 73 AR 71 Liabilities Notes Payable Stockholders' Equity Common Stock 75 Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 74 MARK'S CONSULTING Statements of Cash Flows For the Year Ended December 31 RR 9 Year 1 Year 2 Cash Flows from Operating Activities Cash Receipts from Customers Cash Payments for Expenses Net Cash Flow from Operating Activities Cash Flows from Investing Activities Cash Payment for Land Net Cash Flow from Investing Activities 100 do Cash Flows from Financing Activities Cash Receipts from Borrowing Cash Receipts from Stock Issue Cash Payment of Debt Cash Payment for Didends Net Cash Flow from Financing Activities Net Change in Cash Pus Beginning Cash Balance Ending Cash Balance P01-34A Given P01-34A Start your search