Estella age publishes an online travel magazine in need of cash, the business applies for a loan wah diaton Bank. The bankgiros borrowers to submit financial statements. With the knowledge of curing, Estella Osago, the owner, does not know how to proceed. Requirements 1 What are the fourt and statements that the beness wind to prepare? 2. Is there a specific order in which the financial statements must be prepared? 3. Explain how to prepare each statement Requirements 1.2 and 3. What we me four financial statements that the business will need to propare? Is there a specific order in which the financial statements must be prepared? Explain how to prepare ach atment in the first column, select the four financial statements that the business will need to prepare in the second column colect the number corresponding with the order the financial statements must be prepared if there is no specific order select a for each statement in the third column, select the Inter grouping that corresponds with the proper explanations for how to prepare each mont the icon to view this explanation for how to prepare anchement) 1. Financial statement 2. Order 3. How to prepare Choose from any drop-down it and then conto the next button Decorating Arrangemis has just completed operations for the year ended December 31, 2016. This is the third year of operations for the company. The following dat have been assembled for the business Click the icon to view the wombled dat (Click the loon lo view the come statement) Prepare the statement of owner's equity of Decorating Arrangements for the year ended December 31, 2010 Enter any increases in capital prior to the total and any decreases to capital below the subtotal. Assume the owner made no addition contributions during the yow Complete all answer boxes For entres with a 50 balance, make sure to enter in the appropriate column. Useamnus sign or prontheses to show a decrease in capital Rochas Capital January 1, 2015 Richa Cabal December 2016 Choose from any of enter any number in the input fields and then connue to the next question Time Remaining:00:28 uestion: 1 pt 2 of 4 (3 complete) This Tes ating Arrangements has just completed operations for the year ended December 31, 2016. This is the third year of operations for the company. The following data have been assemble lick the icon to view the assembled data) (Click the icon to www the income statement e the statement of owner's equity of Decorating Data Table s with a $0 balance, make sure to enter in th $ $ 2.000 B0 000 500 37.000 4300 1,500 aards, Capital, January 1, 2016 Insurance Expenso Service Revenue Utilities Expense Rent Expense Richards, Capital, Jan. 1. 2018 Cash Salaries Expense Accounts Payable Office Supplies Richards. Withdrawals Accounts Receivable Equipment 11,000 13,300 7.000 4500 7,500 26.509 Print Done hards, Capital, December 31, 2016 ose from any list or enter any number in the input fields and then continue to the next question OBE E C NOVO pwiny i Reference pera ..) Decorating Arrangements Income Statement Year Ended December 31, 2016 80.000 $ ecorati er "O" in $ Revenues: 37.000 11,000 2,000 500 50,500 29,500 $ Service Revenue Expenses: Salaries Expense Rent Expense Insurance Expense Utilities Expense Total Expenses Done Print Net Income 2016 any number in the
