Income StatementFor the Year Ended December 31, Year 1options:
- Accounts payable
- Accounts receivable
- Cash
- Common stock
- Dividends
- Expense
- Insurance expense
- Prepaid insurance
- Prepaid rent
- Rent expense
- Retained earnings
- Revenue
- Salaries expense
- Salaries payable
- Supplies
- Utilities expense
c. What is the balance in the Supplies account as of January 1 , Year 2 ? d. What is the balance in the Supplies Expense account as of January 1, Year 2? Complete this question by entering your answers in the tabs below. Prepare the statement of cash flows for the Year 1 accounting period. (Enter cash outflows with a minus sign.) Complete this question by entering your answers in the tabs below. Prepare an income statement for the Year 1 accounting period. a. Record the events under an accounting equation. o. Prepare an income statement, balance sheet, and statement of cash flows for the Year 1 accounting period. . What is the balance in the Supplies account as of January 1, Year 2? . What is the balance in the Supplies Expense account as of January 1, Year 2? Complete this question by entering your answers in the tabs below. What is the balance in the Supplies account as of January 1, Year 2? What is the balance in the Supplies Expense account as of January 1, Year 2? c. What is the balance in the Supplies account as of January 1 , Year 2 ? d. What is the balance in the Supplies Expense account as of January 1, Year 2? Complete this question by entering your answers in the tabs below. Prepare the statement of cash flows for the Year 1 accounting period. (Enter cash outflows with a minus sign.) Complete this question by entering your answers in the tabs below. Record the events under an accounting equation. (Not all cells require input. Enter any decreases to account balances with a minus sign.) c. What is the balance in the Supplies account as of January 1 , Year 2 ? d. What is the balance in the Supplies Expense account as of January 1, Year 2? Complete this question by entering your answers in the tabs below. Prepare the statement of cash flows for the Year 1 accounting period. (Enter cash outflows with a minus sign.) Complete this question by entering your answers in the tabs below. Prepare an income statement for the Year 1 accounting period. a. Record the events under an accounting equation. o. Prepare an income statement, balance sheet, and statement of cash flows for the Year 1 accounting period. . What is the balance in the Supplies account as of January 1, Year 2? . What is the balance in the Supplies Expense account as of January 1, Year 2? Complete this question by entering your answers in the tabs below. What is the balance in the Supplies account as of January 1, Year 2? What is the balance in the Supplies Expense account as of January 1, Year 2? c. What is the balance in the Supplies account as of January 1 , Year 2 ? d. What is the balance in the Supplies Expense account as of January 1, Year 2? Complete this question by entering your answers in the tabs below. Prepare the statement of cash flows for the Year 1 accounting period. (Enter cash outflows with a minus sign.) Complete this question by entering your answers in the tabs below. Record the events under an accounting equation. (Not all cells require input. Enter any decreases to account balances with a minus sign.)
