f 13 Homework Help Save & Ext Submit Check my work Required a. & b. Record the June 1 cash receipt in T-accounts and the adjustment required as of December 31, Year 1 c. Show the preceding transaction and related adjustment in a horizontal statements model. d. Determine the amount of net income on the Year 1 income statement. What is the amount of net cash flow from operating activities for Year 1? e. What amount of fiabilities would Raylan report on the Year 1 balance sheet? Complete this question by entering your answers in the tabs below. Req A and B Reqc Reg D Regt Record the June 1 cash receipt in T-accounts and the adjustment required as of December 31, Year 1. (Do not round intermediate calculations. Round your answers to the nearest dollar amount.) mint Cash Unearned Revenue Beg. Bal Beg Bal End. Bal End. But Service Ravenue Beg B End. Bal RA Rec> Check my work 2 Required a. & b. Record the June 1 cash receipt in T-accounts and the adjustment required as of December 31, Year 1 c. Show the preceding transaction and related adjustment in a horizontal statements model. d. Determine the amount of net income on the Year 1 income statement. What is the amount of net cash flow from operating activities for Year 17 e. What amount of liabilities would Raylan report on the Year 1 balance sheet? Complete this question by entering your answers in the tabs below. Req A and B Reqc ReqD ReqE Show the preceding transaction and related adjustment in a horizontal statements model. (Enter any decreases to account balances and cash outflows with a minus sign Statement of Cash Flows column, use the initials OA to designate operating activity, FA to designate finance activity, IA to designate investing activity and NC for net chan Not all cells require input. Round your answers to the nearest dollar) SP RAYLAN COMPANY Effect of Transactions on Financial Statements Balance Sheet Income Statement Stockholders Liabilities Equity Revenue Expenses - Net Income Statement of Cash Flows Date Assets 6/1 12/31 0 0. 0 CS scanned with Cam Calato Reg D ) Required a. & b. Record the June 1 cash receipt in T-accounts and the adjustment required as of December 31, Year 1. c. Show the preceding transaction and related adjustment in a horizontal statements model. d. Determine the amount of net income on the Year 1 income statement. What is the amount of net cash flow from operating activities for Year 1? e. What amount of liabilitles would Raylan report on the Year 1 balance sheet? Complete this question by entering your answers in the tabs below. Reg A and B Reqc Reg D ReqE Determine the amount of net income on the Year 1 Income statement. What is the amount of net cash flow from operating activities for Year 1? (Do not round intermediate calculations. Round your final answers to the nearest dollar amount.) $ 0 Revenue Expenses Net income Cash flows from operating activities: Cash received from revenue Net cash flow from operating activities CS Scanned with Camscanner 2 Exercise 13-11A (Algo) Recording unearned revenue and identifying its effect on financial statements LO 13-1 Raylan received a $56,500 cash advance payment on June 1, Year 1, for consulting services to be performed in the future. Services were to be provided for a one-year term beginning June 1, Year 1. Required a. & b. Record the June 1 cash receipt in T-accounts and the adjustment required as of December 31, Year 1. c. Show the preceding transaction and related adjustment in a horizontal statements model. d. Determine the amount of net income on the Year 1 income statement. What is the amount of net cash flow from operating activities for Year 12 e. What amount of liabilities would Raylan report on the Year 1 balance sheet? Complete this question by entering your answers in the tabs below. Rege Reg A and B Reqc Reg D What amount of liabilities would Raylan report on the Year 1 balance sheet? (Do not round intermediate calculations. Round your final answer to the nearest dollar amount.) Uneamed revenue REGE CS Scanned with Caoiseanner
