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Hello, can I get some help on filling out this table sheet? The Mandalarlan Company's (Mando) accounting records showed the following balances as of December
Hello, can I get some help on filling out this table sheet?
The Mandalarlan Company's (Mando) accounting records showed the following balances as of December 31, Yeart sets Cash Accounts Receivable Land Totals $ 47,000 46,000 25.000 $110,000 Abilities and Equity Accounts Payable Common Stock Retained Earning $ 28,000 77.000 13.000 $110,000 The Mandatorian Company recorded the following accounting events in fiscal year 2: Jan. 1 Nequired 554.000 cash from the issue of contock Tob 1 Pald 5.100 canh in advance for a one-yoor een for office space Mar. 1 Dada 5,000 cash dividend to the stockholders April 2 Darchased additional land that cost $35.000 Hay Made a sach payento accounts payable 322,000 July 2 Recolved $8.800 cash sa advance as e retainer for Bervices to be perfomed monthly over the coming your Sept. 1 Sold land for $21,000 cash that had original $2,000 Oct. Turchased 3910 o supplies on account Earned $55.000 of service-revenue on account ang the year Received cash collections from accounts receivable mounting to 53000 31 Incurred other operating expenses account worlog the year that amounted to $12,000. 21 Hecognized and balance expono o 4.200 110 of oppiles on hand at the end of peod 31 The 2nd parehased on Apel 1 hadi alue 34.000 11 Od 126 Borud interest van Required Show the effects of the events on the financial statements using the following horizontal statements model. All questions pertain to the Year 2 financial statements a. What two additional adjusting entries need to be made at the end of the year? b. What amount would Mondo report for land on the lance sheet? c. What amount of cash flow from operating activities would be reported on the statement of cash flow? d. What amount of an extent would be reported on the income statement? e. What tout of total at would be reported on the balance sheet 1. What amount of suppesexense would be toported on the income statement Q. What amount of earned revenue would be reported on the balance sheet? h. What amount of now from testing activities would be conted on the statement of cash flows 1. Wat mount of ton penses would be reported on the income tatoo Accounting Equation RA RestoM Show the effects of the events on the financial statements using the following horisontal statements model. All questions pertain to the Year 2 financial sta decreases to account balances with a minus sign. Not all cells require input) son THE MANDALOLAN COMPANY Accounting Equation Date Canh Asset Accounts Receivable Prepaid font Interest Receivable Libe Salaries Payable tockholdet Common Sock Account Payable Land 55 Rovanie Bal Jan 1 Feb M1 April May 1 July 1 Sept! Oct 1 Dec 31 Dat 31 Dec. 31 Dec. 31 be De De Dec 3 De A> Step by Step Solution
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