paints STREAMLINE IN Comparative Balance Sheets June 2010 and 2018 2019 2018 eBook Ak 5100, 200 73,eae 63,000 5.900 241,100 147,00 135,000) $352,100 $ 44,100 sz, 88,000 6,160 195,200 136,000 12.000) $319,200 Print Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment Accus. depreciation Equipment Total assets Etabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long term) Total liabilities Equity Common stock, 55 par value Retained earnings Total liabilities and equity References $26.000 7,000 4,700 37,700 33,000 70,700 $ 32,000 17,000 5,200 $4,200 65,000 119.200 240, ese 43.400 $352,100 170,000 3eeee $319,200 STREAMLINE INC Income Statement For Year Ended June 30, 2019 58les Cost of goods sold Gross profit Operating expenses Depreciation experise 566,000 Other expenses 24.ee Total operating expenses 5772.ee $72,000 300,000 140.00 260.000 other gains (losses) Gain on sale of equipment Income before taxes Income taxes expense Net income 2.900 162,900 49,860 $113,616 Additional Information 0 A $33,000 note payable is retired at its $33.000 carrying (book) value in exchange for cash. b. The only changes affecting retained earnings are net income and cash dividends paid, c. New equipment is acquired for $65.000 cash d. Received cash for the sale of equipment that had cost $54.000 yielding a $2,900 gain e. Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement 1. All purchases and sales of inventory are on credit Requirement General Journal General Ledger Triat Batance Direct Method Indirect Method Using the income statement, the comparative balance sheet and the additional Information given abg the summariced activity of the current fiscal year. Upon completion, the fra balances e. Prepaid Expenses and Wages Payable relate to Other Expenses on the income stalement f. All purchases and sales of inventory are on credit. ences Requirement General Journal General Ledger Trial Balance Direct Method Indirect Method Using the income statement, the comparative balance sheet, and the additional information given the summarized activity of the current fiscal year. Upon completion, the trial balance tab she balances View transaction list Journal entry worksheet 1 2 3 5 6 7 8 HER Reconstruct the journal entry for cash receipts from customers, Incorporating the change in the related balance sheet account(s), if any. Note: Enter debits before credits Date Jun 30 Account Title Debit Credit Recordenty Clear entry View general journal PY Nood O f. All purchases and sales of inventory are on credit es Requirement General Journal General Ledger Trial Balance Direct Method Indirect Method Using the income statement, the comparative balance sheet, and the additional information given ab the summarized activity of the current fiscal year. Upon completion, the trial balance tab shou balances. View transaction list Journal entry worksheet 2 5 6 7 8 13 Reconstruct the journal entry for cash payhtents for inventory, incorporating the change in the related balance sheet account(s), if any. Note: Enter debits before credits. Dan Jun 30 Account The Debit Credit Hecord entry Clear entry View general journal Proy 1 of 1 here to search Next o Using the income statement, the comparative balance sheet, and the additional information given abov the summarized activity of the current fiscal year. Upon completion, the trial balance tab should balances View transaction list Journal entry worksheet 2 4 5 6 7 8 13 > Reconstruct the journal entry for depreciation expense, incorporating the change in the related balance sheet account(s), if any. Bu debelo credits Accountide Jun 30 Bebi Credit Recent View all Pro Na o 2 ce sheet, and the additional information given activity of the current fiscal year. Upon completion, the trial balance tab sh balances. View transaction list Journal entry worksheet LE Pobo De o Net > G UIT, le trial balance tab should View transaction list Journal entry worksheet Tontoh 1 of 1 18 O 2 View transaction list Completion, the trial balance tab sh w Journal entry worksheet Prov 1 of 1 Next me statement, the comparative balance sheet, and the additional Information given the summarized activity of the current fiscal year. Upon completion, the trial balance tab sho balances Method View transaction list Journal entry worksheet Toft O Nord Journal Ledger Trial Balance Direct Method Using the income statement, the comparative balance sheet, and the additional information give the summarized activity of the current fiscal year. Upon completion, the trial balance tabs balances Indirect Method View transaction list Journal entry worksheet 1 2 3 4 5 6 7 Reconstruct the entry for the purchase of new equipment 8 13 Norter debitore un Account Telo Debit Credit Record entry a gnaa armat Requirement General Ledger > Prov 1 of 1 O Information given above, year. Upon completion, the trial balance tab should ag View transactions Journal entry worksheet inte det before credit Jun 30 Account de Debi Record entry Charly View general Journal Photo oft IH 6 e income statement, the comparative balance sheet, and the additional information given at the summarized activity of the current fiscal year. Upon completion, the trial balance tab shou balances Method View transaction list Journal entry worksheet Nature before Account the Dehl Rody Cherry Viewed journal Requirement General Ledger > 1 of 1 H o Requirement General General Indirect Journal Ledger Trial Balance Direct Method Method Using the income statement, the comparative balance sheet, and the additional information given abo the summarized activity of the current fiscal year. Upon completion, the trial balance tab should balances Views Journal entry worksheet 19 uft Requirement General Journal General Ledger Trial Balance Direct Method Indirect Method Using the income statement, the comparative balance sheet, and the additional information given abov the summarized activity of the current fiscal year. Upon completion, the trial balance tab should balances Viewractions Journal entry worksheet 1 of 1 O ed 10 Other Expenses on the income statement Sales of inventory are on credit gain Requirement General General Journal Indirect Ledger Trial Balance Direct Method Method Using the income statement, the comparative balance sheet, and the additional information given above, reconstruc the summarized activity of the current fiscal year. Upon completion, the trial balance tab should agree with the balances View transactions Journal entry worksheet account on the General Ledger tab to identify the sources and uses of cash. List cash outflows June 30, 2019 using the Direct Method. Hint Values Unadjusted STREAMLINE INC Statement of Cash Flows (Direct Method) For Year Ended June 30, 2019 Cashows from operating acties thi HHH Hit. Cash olim inancing active Preto o Nud 12 G