I am taking this beginning accounting class on-line. The book is very little help with these questions. I do have the general ledger right. I ran out of check my works. Can you please help me? I want to be able to understand this.

Help Exercise 2-7 Net Income versus changes in cash LO 2-1, 2-2 e b ed its customers $62.000 for services performed The company collected $51000 of the amount bed Lee 3 000 of other operating expenses on account. Lee paid $31.000 of the accounts payable. Lee acquired $40.000 cash sue of common stock. The company invested $21000 cash in the purchase of land. Reed t ry the sevents described in the paragraph and record them in general ledger accounts under an accounting equation bare attempting to answer the questions.) Use the preceding information to answer the following questions What amount of revenue wil lee report on the 2018 Income statement? What amount of cash flow from revenue will be reported on the statement of cash flows? What is the net income for the period What is the net cash flow from operating activities for the period? What is the amount of net cash flow from investing activities? What is the amount of net cash flow from financing activities? What amounts of total assets. liabilities, and equity will be reported on the year-end balance sheet? Complete this question by entering your answers in the tabs below. ring Reg A to cash flow from revenue, net income, net cash flow from operating activities, net cash flow from bet cash flow from financing activities, total assets, labies and equity for the period? (Enter cash outflows as Prev 1 of 3 Next > Ortode HD Complete this question by entering your answers in the tabs below. Accounting Equation Req A to H Record the effects of each accounting event under the appropriate general ledger account headings. (Enter any decreases to a minus sign.) Event Stockholders Equit Common Retained Stock Earnings 62.000 LEE INC Effect of Events on the General Ledger Accounts Assets - Liabilities - Accounts Cash Land Accounts - Receivable Payable 0 62.000 0 = 51.000 (51,000) 0 = 0 0 0 0 = 39000 (31,000) 0 = 1 (31,000) 40,000 0 + (21,000) 21,000 0 + 39,000 11,000 21,000 = 8,000 - 1. Sales on account 2 Collected accounts receivable 3 incurred expense 4. Paid accounts payable 5 Issue of stock 6 Purchase land Totals 0 0 40,000 0 - 40.000 - 23.000 Accounting Equation Req A to H > Prey 1 of 3 Next >