inment - An Introduction to Accounting Week 1 Homework Get Homework Hos W mework Required a. Record the effects of each accounting event under the appropriate headings for each year. Record the amounts of revenue expense, and dividends in the Retained Earnings column. Provide appropriate titles for these accounts in the last column of the table. b-1. Prepare an income statement for each year accounting period. b-2. Prepare a statement of changes in stockholders' equity for each year accounting period. b-3. Prepare a year-end balance sheet for each year accounting period. b-4. Prepare a statement of cash flows for each year accounting period. c. Determine the amount of cash in the retained earnings account at the end of Year 1 and Year 2. e. Determine the balance in the Retained Earnings account immediately after Event 2 in Year 1 and in Year 2 are recorded. Complete this question by entering your answers in the tabs below. REGA Req B1 Reg B2 Req B3 Reg B4 Reg C Reg E Record the effects of each accounting event under the appropriate headings for each year. Record the amounts of revenue, expense, and dividends in the Retained Earnings column. Provide appropriate titles for these accounts in the last column of the table. (Enter any decreases to account balances with a minus sign. Select "NA" if there is no effect on the "Account Titles for Retained Earnings .) Show less Assets MARK'S CONSULTING SERVICES Accounting Equation for Year 1 = Liabilities + Stockholders' Equity - Common Retained Payable Stock Earnings Event Notes Account Titles for Retained Earnings Cash + Land + Assets MARK'S CONSULTING SERVICES Accounting Equation for Year 1 = Liabilities + Stockholders' Equity Notes Common Retained Payable Stock Earnings Event Cash + - Land Account Titles for Retained Earnings + + IIIIIIIII + + Totals Assets + Event MARK'S CONSULTING SERVICES Accounting Equation for Year 2 = Liabilities + Stockholders' Equity Notes + Common Retained Payable Stock Earnings Cash Land Account Titles for Retained Earnings Beg. bal. 1. IIIII 2. 5. Totals Req A Req B1 Req B2 Req B3 Req B4 | Req Prepare an income statement for each year accounting period. MARK'S CONSULTING SERVICES Income Statement For the Year Ended December 31, Year 1 es MARK'S CONSULTING SERVICES Income Statement For the Year Ended December 31, Year 2 1 Prepare a statement of cash flows for each year accounting period. (Cash outflowss MARK'S CONSULTING SERVICES Statement of Cash Flows 33.33 For the Year Ended December 31, Year 1 points Cash flows from operating activities eBook Print Net cash flow from operating activities 0 References Cash flows from investing activities Net cash flow from investing activities Cash flows from financing activities Net cash flow from financing activities 0 Ending cash balance MARK'S CONSULTING SERVICES EA MARK'S CONSULTING SERVICES Statement of Cash Flows For the Year Ended December 31, Year 2 Book Cash flows from operating activities Print erences Net cash flow from operating activities $ 10 Cash flows from investing activities Cash flows from financing activities Net cash flow from financing activities $ Ending cash balance b-4. Prepare a statement of cash flows for each year accounting period. C. Determine the amount of cash in the retained earnings account at the end of Year 1 and Year! e. Determine the balance in the Retained Earnings account immediately after Event 2 in Year 12 Complete this question by entering your answers in the tabs below. Req A Req B1 Req B2 Req B3 Req B4 Reg C Reg E med en met het Determine the amount of cash in the retained earnings account at the end of Year 1 and Year 2. Year 1 Year 2 Retained earnings 1 of 3 Next >
