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How do I construct a balance sheet and statement of cash flows? Final.pdf X + e/chronos/u-ebbf36d07eaad91fca127146796889c982ae300f/MyFiles/Downloads/Final.pdf Online, St. Mail - Bacon, Toni. Course Home 2/4

How do I construct a balance sheet and statement of cash flows?

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Final.pdf X + e/chronos/u-ebbf36d07eaad91fca127146796889c982ae300f/MyFiles/Downloads/Final.pdf Online, St. Mail - Bacon, Toni. Course Home 2/4 Comprehensive Problem Tommy's Grocery Service Year of 2019 All numbers are "normal" balance and I will list them in debit and credit columns to help you. Debit Credit Cash 31,000 Requirements: Equipment 84,000 1. Prepare an Income Statement in good format. Retained Earnings, Beg. 3,000 2. Prepare the Statement of Retained Earnings in Sales 102,900 good format. Prepaid Insurance 1,200 3. Prepare a Balance Sheet in good format. Wages Expense 18,000 4. Prepare the Operating Activities section of the Cost of Goods Sold Exp 32,000 Statement of Cash Flows in good format. Accounts Receivable 2,800 Accumulated Depr-Equip 14,000 Additional information needed: Unearned Revenue 3,200 Balances from the end of 2018: Preferred Stock 10,000 Acct. Pay. 4,000 Supplies 4,000 Prepaid Ins. 3,000 Inventory 21,000 Acct. Recv. 8,000 Insurance Expense 5,000 Unearned Revenue 5,000 Common Stock 22,000 Supplies 2,000 Excess Paid in Capital - ComStk 41,000 Inventory 30,000 Note Payable - long term 3,000 Dividends 6,000 Check numbers: Supplies Expense 1,000 Net Income 43400 Loss on sale of equipment 1,500 Ending Retained Earnings 45400 Depreciation expense 2,000 Accounts Payable 5,400 209,500 209,500 M D

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