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Fill in the blank options: Accounts payable Accounts receivable Cash Common stock Dividends Insurance expense Prepaid insurance Prepaid rent Rent expense Retained earnings Salaries expense

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Fill in the blank options:

  • Accounts payable
  • Accounts receivable
  • Cash
  • Common stock
  • Dividends
  • Insurance expense
  • Prepaid insurance
  • Prepaid rent
  • Rent expense
  • Retained earnings
  • Salaries expense
  • Salaries payabl
  • Utilities expenseimage text in transcribed
During Year 1 , Chung Corporation earned $6,900 of cash revenue and accrued $3,800 of salaries expense. Required Based on this information alone: a. Prepare the December 31, Year 1, balance sheet. b. Determine the amount of net income that Chung would report on the Year 1 income statement. c. Determine the amount of net cash flow from operating activities that Chung would report on the Year 1 statement of cash flows Complete this question by entering your answers in the tabs below. Based on this information alone: (Not all cells require input. Enter any decreases to account balances with a minus sign.) Prepare the December 31, Year 1, balance sheet. Based on this information alone: a. Prepare the December 31, Year 1, balance sheet. b. Determine the amount of net income that Chung would report on the Year 1 income statement. c. Determine the amount of net cash flow from operating activities that Chung would report on the Year 1 statement of cash flov Complete this question by entering your answers in the tabs below. Determine the amount of net income that Chung would report on the Year 1 income statement. Determine the amount of net cash flow from operating activities that Chung would report on the Year 1 statement of cash flows

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