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Exexcise E1-25, the last photo goes first. Please help. Chapter 1 The Role of Accounting in Business JULIE BAXTER Statement of Stockholders Equity August 31,
Exexcise E1-25, the last photo goes first. Please help.
Chapter 1 The Role of Accounting in Business JULIE BAXTER Statement of Stockholders Equity August 31, Year 1 Common Retained Stock Earnings Total $ Balances, August 1, 20Y7 Issuance of common stock Net income Dividends. Balances, August 30, 20Y7 $ 7,800 $ 7,800 100,000 134,500 134,500 12,000 12,000 100,000 $154300 $254 300 Balance Sheet For the Month Ended August 31, 20Y7 Assets 51,600 17,500 60,000 . $129,100 Cash Accounts payable Total assets Liabilities Accounts receivable Prepaid expenses 81,200 7,200 Stockholders' Equity Common stock Retained earnings Total liabilities and stockholders' equity .$ 100,000 140,300 240,300 $328,700 Statement of Cash Flows August 31, 20Y7 Cash flows from operating activities Cash received from customers Cash paid for operating expenses. Net cash flows from operating activities. 5327,200 303,600 s 23,600 Cash flows from financing activities: Cash received from issuance of common stock..... Dividends paid to stockholders Net cash flows from financing activities.. 100,000 .(12,000 Net cash flow and cash balance as of August 31, 20Y7 88,000 $111,600 E1-26 Accounting concepts Match each of the following statements with the appropriate accounting concept. Some concepts may be used more than once, while others may not be used at all. Use the nota- tions shown to indicate the appropriate accounting concept. Accounting Concept Accounting period concept Adequate disclosure concept Business entity concept Cost concept Going concern concept Matching concept NotationStep by Step Solution
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