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Part 4: Fill in the Statement of Cash Flows Use these Statements and Equations to answer Question: 4. Assets=Liabilities+OwnerEquity 3. Balance Sheet 2. Statement of
Part 4: Fill in the Statement of Cash Flows
Use these Statements and Equations to answer Question:
4. Assets=Liabilities+OwnerEquity 3. Balance Sheet 2. Statement of Stockholder Equity Crazy for Cricket Inc. Statement of Stockholder Equity for the year ending 12/31/XX \begin{tabular}{|r|c|} \hline Retained Earnings (RE) & - \\ \hline Beginning balance RE & $0 \\ \hline Add: Net Income & 3,500.00 \\ \hline Subtract: Dividends & 200.00 \\ \hline Ending balance RE & 3,300.00 \\ \hline Add: Common Stock & 25,000.00 \\ \hline Total Stockholder Equity & 28,300.00 \\ \hline \end{tabular} Part 3: Before we create the financial statements, lets check what the balances are in each account. Below is a Trial Balance (Unadjusted). For the trial balance, we want to show what the ending balance is in each account, so that we can then put that account and its corresponding balance in the appropriate financial statement. Instructions: Based on the transactions in Part 1 and 2, calculate the balance in each account and list it below in the Unadjusted Trial balance. 1. The Income Statement
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