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By analyzing the interrelationships among the financial statements, fill in the proper amounts for (a) through (s). If your answer is zero enter 0. a.
By analyzing the interrelationships among the financial statements, fill in the proper amounts for (a) through (s). If your answer is zero enter "0".
a. Fees earned | $ |
b. Utilities expense | $ |
c. Net income | $ |
d. Retained earnings, December 1, 20Y4 | $ |
e. Less dividends | $ |
f. Net income minus dividends | $ |
g. Retained earnings, December 31, 20Y4 | $ |
h. Cash | $ |
i. Capital stock | $ |
j. Retained earnings | $ |
k. Total stockholders' equity | $ |
l. Total liabilities and stockholders' equity | $ |
m. Net cash flows from operating activities | $ |
n. Cash received from notes payable | $ |
o. Total cash received from financing activities | $ |
p. Net cash flows from financing activities | $ |
q. Net increase in cash | $ |
r. December 1, 20Y4, cash balance | $ |
s. December 31, 20Y4, cash balance | $ |
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Fees earned Operating expenses: Wages expense Rent expense. Utilities expense Interest expense. Miscellaneous expense. Total operating expenses. Net income. NETWORK REALTY, INC. Income Statement For the Month Ended December 31, 20Y4 Cash Land. Total assets Retained earnings, December 1, 2014 Net income for December.. Less dividends..... Retained earnings, December 31, 20Y4 Notes payable Capital stock. Retained earnings. NETWORK REALTY, INC. Retained Earnings Statement For the Month Ended December 31, 20Y4 NETWORK REALTY, INC. Balance Sheet December 31, 20Y4 Total stockholders' equity Total liabilities and stockholders' equity Stockholders' Equity Cash flows from operating activities: Cash received from customers Deduct cash payments for expenses Net cash flows from operating activities. Cash flows used in investing activities: Cash payment for purchase of land.. Cash flows from finan activities: NETWORK REALTY, INC. Statement of Cash Flows For the Month Ended December 31, 20Y4 December 1, 20Y4, cash balance.. December 31, 20Y4, cash balance.. Assets Liabilities Cash received from sale of capital stock Cash received from issuing notes payable Deduct cash dividends Net cash flows from financing activities. Net increase in cash.. $75,000 (n) $33,120 18,000 (b) 1,800 3,960 $ (0) $57,500 (e) $125,000 67,500 12,000 $(i) (j) $ (a) 67,500 $ (c) $ $(d) (f) $(g) $ (h) 175,000 $225,500 $105,000 (k) $ (1) $ (m) (175,000) (p) $ (q) (r) (s)
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a To calculate fees earned Total operating expenses Net income 67500 57500 125000 b To calculate utility expense Total operating expense other expense...Get Instant Access to Expert-Tailored Solutions
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