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having trouble with these 2 questions... started to figure it out but cant seem to find out the rest. any help is appreciated!! The Containers

having trouble with these 2 questions... started to figure it out but cant seem to find out the rest. any help is appreciated!!
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The Containers Inc. experienced the following events during its first year of operations, Year 1: 1. Acquired $42,000 cash by issuing common stock 2. Earned $25,000 revenue on account. 3. Paid $18,000 cash for operating expenses. 4. Borrowed $10,000 cash from a bank. 5. Collected $22,000 of the balance in accounts receivable. 6. Paid a $1,000 cash dividend, Required Show the effects of the events on the financial statements using a horizontal financial statements model like the following one. In the Cash Flow column, use OA to designate operating activity, IA for investment activity, FA for financing activity, and NC for net change in cash. The first event is recorded as an example. a. Would the accounts receivable account appear in the assets, liabilities, or stockholders' equity section of the December 31, Year 1, balance sheet? b. Determine the balance of the accounts receivable account that would appear on the December 31, Year 1, balance sheet. c. Determine the amount of net income that would appear in the Year 1 income statement d. Determine the amount of the cash flow from operating activities that would appear in the Year 1 statement of cash flows. Complete this question by entering your answers in the tabs below. Accounting Equation Reg A Reg B to D Show the effects of the events on the financial statements using a horizontal financial statements model like the following one in the Cash Flow colu for investment activity, FA for financing activity, and NC for net change in cash. The first event is recorded as an example. (Enter any decreases to the Statement of Cash Flows column may require an input - leave cells blank if there is no corresponding Input needed) THE CONTAINERS INC Horizontal Statements Model for Year 1 Balance Sheet ritem your answers in the tabs below. Accounting Equation Reg A Reg B to D Show the effects of the events on the financial statements using a horizontal financial statements model like the following one. In the Cash Flow column, use o for investment activity, FA for financing activity, and NC for net change in cash. The first event is recorded as an example. (Enter any decreases to account bala the "Statement of Cash Flows" column may require an input leave cells blank if there is no corresponding input needed.) Assets Event THE CONTAINERS INC. Horizontal Statements Model for Year 1 Balance Sheet Income Statement - Liabilities + Stockholders' Equity Revenue Expense - Net Income Notes Common Retained Payable Stock Earnings 42.000 25.000 18,000 Statement of Cash Flows Cash Accounts Receivable 1. 42,000 2 42,000 FA 3 (18.000) 4 5 + 6 Total Accounting Equation Reg A > Complete this question by entering your answers in the tabs below. Accounting Equation Req A Req B to D Determine the balance of the accounts receivable account that would appear on the December 31, Year 1, balance sheet. Determine the amount of net income that would appear in the Year 1 Income statement. Determine the amount of the cash flow from operating activities that would appear in the Year 1 statement of cash flows. b Accounts receivable Net Income Net cash flow d.

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