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Far From Home Cookie Company entered into the following transactions during 2010: (Click here to view the transactions.) Requirements Begin by entering transaction a. Then,
Far From Home Cookie Company entered into the following transactions during 2010: (Click here to view the transactions.) Requirements Begin by entering transaction a. Then, enter each transaction in the order they occurred. (Use parentheses or a minus sign when entering account decreases. Use only the necessary input lines.) Assets Liabilities Shareholders' Equity Contributed Capital + Retained Earnings Account Account i Transactions Account Account + + + + + a. The company started as a corporation with a $15,200 cash contribution from the owners in exchange for common stock. b. Service revenues on account amounted to $7,250. Cash collections of accounts receivable amounted to $6,575. Purchased supplies on account for $185 and used all of them. e. On December 15, 2010, the company paid $6,000 in advance for leased office space. The lease does not go into effect until 2011. + + + + + + + + Print Done + + + + Choose from any list or enter any number in the input fields and then continue to the next question. Using the accounting equation worksheet you completed, answer the following questions. Requirement 1. The amount of cash flow from operating activities for 2010 is $ Requirement 2. The amount of total liabilities that would appear on the December 31, 2010, balance sheet is $ Requirement 3. The amount of contributed capital as of December 31, 2010 is $ . Requirement 4. The amount of net income that would appear on the income statement for the year ended December 31, 2010 is $
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