(JUST NEED HELP WITH G2, G3, G4)!!!!!!!!!!!!!!!!!!!!

THIS IS WHAT I HAVE SO FAR.

Req A and B Req C to E Reg F Req G Req G1 Req G2 Req G3 Req G4 Reqj Prepare a balance sheet dated December 31, Year 3. CARTER COMPANY Balance Sheet As of December 31, Year 3 Assets Cash 525 Land 2,925 Total assets $ 3,450 Liabilities Notes payable $ 875 Total liabilities $ 875 Stockholders' Equity Common stock 1,750 Retained earnings 875 Total stockholders' equity Total liabilities and stockholders' equity 2,625 $ 3,500 Req A and B Req C to E ReqF Req G Req G1 Req G2 Req G3 Req G4 Reqj Prepare a statement of cash flows dated December 31, Year 3. (Cash outflows should be indicated with a minus sig CARTER COMPANY Statement of Cash Flows For the Year Ended December 31, Year 3 Cash flows from operating activities: Cash receipts from customers 878 X Cash payments for expenses (450) $ 428 Net cash flow from operating activities: Cash flows from investing activities Cash flows from financing activities Cash payments for dividend $ 65 x Net cash flow from financing activities: 65 Ending cash balance $ 0 On January 1, Year 3, the following information was drawn from the accounting records of Carter Company: cash of $575; land of $2,925; notes payable of $875; and common stock of $1,750. Required a. Determine the amount of retained earnings as of January 1, Year 3. b. After looking at the amount of retained earnings, the chief executive officer (CEO) wants to pay a $675 cash dividend to the stockholders. Can the company pay this dividend? C. As of January 1, Year 3, what percentage of the assets were acquired from creditors? d. As of January 1, Year 3, what percentage of the assets were acquired from investors? e. As of January 1, Year 3, what percentage of the assets were acquired from retained earnings? f. Create an accounting equation using percentages instead of dollar amounts on the right side of the equation. g. During Year 3, Carter Company earned cash revenue of $800, paid cash expenses of $450, and paid a cash dividend of $65. Record these events using the accounting equation. 9-1. Prepare an income statement dated December 31, Year 3. g-2. Prepare a statement of changes in stockholders' equity dated December 31, Year 3. g-3. Prepare a balance sheet dated December 31, Year 3. 9-4. Prepare a statement of cash flows dated December 31, Year 3. j. What is the balance in the Revenue account on January 1, Year 4? Req A and B Req C to E Reg F Req G Req G1 Req G2 Req G3 Req G4 ReqJ Prepare a statement of changes in stockholders' equity dated December 31, Year 3. CARTER COMPANY Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 3 Beginning common stock $ 0 Ending common stock Beginning retained earnings 0 Ending retained earnings Total stockholders' equity $ 0 10:22 AM Sat Aug 29 VPN 29% TO o + : 0 5.) On January 1, Year 3, the following information was drawn from the accounting records of Carter Company: cash of $575, land of $2,925; notes payable of $875, and common stock of $1,750. Required a. Determine the amount of retained earnings as of January 1 Year 3. b. After looking at the amount of retained earnings, the chief executive officer (CEO) wants to pay a $675 cash dividend to the stockholders. Can the company pay this dividend? c. As of January 1, Year 3. what percentage of the assets were acquired from creditors? d. As of January 1, Year 3, what percentage of the assets were acquired from investors? e. As of January 1, Year 3, what percentage of the assets were acquired from retained earnings? f. Create an accounting equation using percentages instead of dollar amounts on the right side of the equation. g. During Year 3, Carter Company earned cash revenue of $800 paid cash expenses of $450, and paid a cash dividend of $65, Record these events using the accounting equation. g-1. Prepare an income statement dated December 31, Year 3. 9-2. Prepare a statement of changes in stockholders' equity dated December 31, Year 3. 9-3. Prepare a balance sheet dated December 31, Year 3. 9-4. Prepare a statement of cash flows dated December 31, Year 3. 1. What is the balance in the Revenue account on January 1, Year 4? Complete this question by entering your answers in the tabs below. Roq A and B ReqC to E ReqF Req Req G1 Reg 2 Reg G3 Reg G4 Reg 1 $575 cash land $2,925 Lieb $875 can Stack Snso 2 $6,125 Determine the amount of retained earnings as of January 1, Year 3. After looking at the amount of retained earnings, the chief executive officer (CEO) wants to pay a $675 cash dividend to the stockholders. Can the company pay this dividend? 875 Amount of retained earnings Can the company pay this dividend? Assets : (575 + 3978) = 3500 Liabilities :( 875 +175o) = 2625 NO 3500- 2675= 875 Req A and B ReqC to E ReqF Reg G Reg G1 Reg G2 Reg G3 Req G4 Req) As of January 1, Year 3, what percentage of the assets were acquired from creditors, investors and retained earnings? 5 C. Percentage of the assets were acquired from creditors Percentage of the assets were acquired from investors Percentage of the assets were acquired from retained earnings d. % (975 / 3500) : 75 1% (1750/3500) : 50 14 29 1 8 1% (815 / 3500) = 25 Req A and B Red C to E Reg F Red G Req G1 Req G2 Req G3 Reg G4 Req3 Create an accounting equation using percentages instead of dollar amounts on the right side of the equation 10:22 AM Sat Aug 29 VPN 29% + : 0 Req A and B Reqcto E Reg F Reg G Reg G1 Req G2 Req G3 Req G4 Req3 Create an accounting equation using percentages instead of dollar amounts on the right side of the equation. CARTER COMPANY 575+ 2925: 3500 Accounting Equation as of January 1, Year 3 Assets Llabilities >(875/3509) Stockholders' Equity Common Retained Cash Land = Notes Payable + (1750/3500) Stock + Earnings 875 + 2195 -25% + 50% + 25 % + Req A and B Reg C to E Req F Req G Req G1 Req G2 Reg G3 Req G4 Req] During Year 3, Carter Company carned cash revenue of $800, paid cash expenses of $450, and paid a cash dividend of $65. Record these events using the accounting equation. (Enter any decreases to account balances with a minus sign. If there is no effect on the Account Titles for Retained Earnings, leave the cell blank. Not all cells require input.) CARTER COMPANY Accounting Equation as of December 31, Year 3 Assets = Llabilities + Stockholders' Equity Account Titles for Notes Cash Retained Common Retained Land Payable Stock Earnings Earnings 800 100 Rele T450 (450) C90 Expanse (65) (650widend + + + 0 + 0 = 0 + 0 6 Req A and B Req C to E Reg F Req G Req G1 Req G2 RqG3 Req G4 Req] 8 Prepare an income statement dated December 31, Year 3. CARTER COMPANY Income Statement For the Year Ended December 31, Year 3 Rereve 800 10:23 AM Sat Aug 29 WPN 28% 0 o + Req A and B Req C to E Reg F Req G Req G1 Req G2 Req G3 Req G4 Req] Prepare an income statement dated December 31, Year 3. CARTER COMPANY Income Statement For the Year Ended December 31, Year 3 Rerenve 806 Expenses (456) Net Income 3 50 Reg A and B ReqC to E Reg F Req G Req G1 Req G2 Reg G3 Req G4 Req] Prepare a statement of changes in stockholders' equity dated December 31, Year 3. CARTER COMPANY Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 3 Beginning common stock 1750 $ 0 0 Ending common stock Beginning retained earnings 875 0 Ending retained earnings Total stockholders' equity $ 0 6 8 10:23 AM Sat Aug 29 WPN 28% 0 TO o + : 0 Reg A and B Reg C to E ReqF Reg Req GI Req G2 Reg G3 Reg G4 Reqj Prepare a balance sheet dated December 31, Year 3. CARTER COMPANY Balance Sheet As of December 31, Year 3 Assets CASH Land : 375 29 29 $ 0 $575 cash land 42,925 Liab $875 Com Stock snso Total assets Liabilities = $6,125 Notes payable 875 $ 0 0 Total liabilities Stockholders' Equity Conan Stock Retained Garnings 1750 0 Total stockholders' equity Total liabilities and stockholders' equity $ 0 Reg A and B Req C to E Reg F Req G Req G1 Reg G2 Req G3 Reg G4 Req Prepare a statement of cash flows dated December 31, Year 3. (Cash outflows should be indicated with a minus sign.) CARTER COMPANY Statement of Cash Flows For the Year Ended December 31, Year 3 Cash flows from operating activities: Cosy Recipient's hurt Customers 825 Cash Payments for Expenses 450 7 Revenue 8 0 Net cash flow from operating activities Cash flows from investing activities Cash flows from financing activities Cash Pay marts for Dividends 65 Net cash flow from financing activities: 10:23 AM Sat Aug 29 WPN 28% 0 + : 0 Reg A and B Reg C to E Reg F Regg Req G1 Req G2 Req G3 Reg G4 Reg Prepare a statement of cash flows dated December 31, Year 3. (Cash outflows should be indicated with a minus sign.) CARTER COMPANY Statement of Cash Flows For the Year Ended December 31, Year 3 Cash flows from operating activities: - Cash Recip lasts from Customers 829 Cash Payments for Expanses 450 Raahe 0 Net cash flow from operating activities Cash flows from Investing activities Cash flows from financing activities Cash Paymurbo for Oxidands 65 Net cash flow from financing activities: 0 Ending cash balance $ 0 Req A and B Reg C to E ReqF Req G Req G1 Req G2 Req G3 Req G4 Req What is the balance in the Revenue account on January 1, Year 4? Balance in revenue account 0 The Revenue earned in year I is transfered to retained earnings as all the temporary accounts closed the end of the occanting period by transtorns 47 to retained earning 8