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I am not sure how you all say this is not information. This is the exact question from McGraw Hill that I am supposed to

I am not sure how you all say this is not information. This is the exact question from McGraw Hill that I am supposed to answer. All of the information is right there in the pictures. There isn't any more image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

The following list of accounts was drawn from the accounts of Little Grocery Supplier (LGS) as of December 31, Year 1: Cash Accounts receivable Allowance for doubtful accounts Inventory Accounts payable Common stock Retained earnings $ 5,580 19, 720 $ 2, 230 24,920 7,960 18,700 21,330 Transactions for Year 2 1. Acquired an additional $11,100 cash from the issue of common stock. 2. Purchased $60,400 of inventory on account. 3. Sold inventory that cost $62,500 for $95,500. Sales were made on account. 4. The company wrote off $920 of uncollectible accounts. 5. On September 1, LGS loaned $8,000 to Eden Co. The note had an 6 percent interest rate and a one-year term. 6. Paid $15,010 cash for operating expenses. 7. The company collected $89,680 cash from accounts receivable. 8. A cash payment of $51,120 was paid on accounts payable. 9. The company paid a $5,700 cash dividend to the stockholders. 10. Uncollectible accounts are estimated to be 1 percent of sales on account. 11. Recorded the accrued interest at December 31, Year 2 (see item 5). Required a. Organize the transaction data in accounts under an accounting equation. b. Prepare an income statement, a statement of changes in stockholders' equity, a balance sheet, and a statement of cash flows for Year 2. Req A Req B Inc Stmt Req B Stmt of Changes Req B Bal Sheet Req B Stmt Cash Flows Organize the transaction data in accounts under an accounting equation. (Do not round intermediate calculations. Enter any decreases to account balances with a m Titles for Retained Earnings, leave the cell blank. Not all cells will require entry. Round your final answers to the nearest whole dollar.) Assets LITTLE GROCERY SUPPLIER (LGS) Accounting Equation for the Year 2 = Liabilities + Stockholders' Equity Notes Interest Accounts Common Retained Receivable Receivable Payable Stock Earnings Event Cash Accounts Titles for Retained Earnings NRV Accounts Receivable - + Inventory + Bal. + + + 1. + + + + + 2. + + + +1 + + . 3b. 4. + +1 + 5. + + + 6. + + 7. + + + + + 8. + + + + 9. + + + 10. + + + + + 11. + Bal. + + + + = + + + Req A Req B Inc Stmt Req B Stmt of Changes Req B Bal Sheet Req B Stmt Cash Flows Prepare an income statement for Year 2. (Enter all final answers in whole dollars.) LITTLE GROCERY SUPPLIER (LGS) Income Statement For the Year Ended December 31, Year 2 Expenses Total expenses Operating income Req A Req B Inc Stmt Req B Stmt of Changes Req B Bal Sheet Req B Stmt Cash Flows Prepare a balance sheet for Year 2. (Be sure to list the assets in the order of their liquidity. Enter all final answe dollars.) LITTLE GROCERY SUPPLIER (LGS) Balance Sheet As of December 31, Year 2 Assets Total assets Liabilities Total liabilities Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity Req A Req B Inc Stmt Req B Stmt of Changes Req B Bal Sheet Req B Stmt Cash Flows Prepare a statement of cash flows for Year 2. (Enter cash outflows with a minus sign. Ente LITTLE GROCERY SUPPLIER (LGS) Statement of Cash Flows For the Year Ended December 31, Year 2 Cash flows from operating activities Net cash flow from operating activities Cash flows from investing activities: Net cash flow from investing activities Cash flows from financing activities Net cash flows from financing activities Net change in cash Ending cash balance

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