please be quick, i will give good rating
Question 1 [70 points] Barton Corporation began operations on January 1, 2013. Its adjusted trial balance at December 31, 2014 and 2015 is shown below. Other information regarding Barton Corporation and its activities during 2015 follow in (a) through (f) a. Assume all accounts have normal balances. b. $12,000 of the long-term notes payable will be paid during 2016. c. Equipment was sold for cash of $22,800. d. Old machinery was sold for cash of $13,400. New machinery was purchased for $22,000 cash. e. Share capital was issued for cash. f. Cash dividends were declared and paid. Using the information provided, prepare a statement of changes in equity, a classified balance sheet, and a statement of cash flows (using the indirect method) for the year ended December 31, 2015. (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity X + X + (select one) Balance Sheet (select one) Barton Corporation Adjusted Trial Balance December 31 Account 2015 2014 Accounts Payable 86,600 72,000 Accounts Receivable 60,000 60,250 Accumulated Depreciation, Equipment 4,200 86,500 Accumulated Depreciation, Machinery. 5,100 100,000 Allowance for Doubtful Accounts 5,000 12,250 Depreciation Expense, Equipment 14,100 14,100 Depreciation Expense, Machinery... 7,900 7,900 Cash 364,380 295,000 Cash Dividends. 53,000 53,000 Equipment 27,600 145,000 Machinery 42,200 137,000 Merchandise Inventory. 42,840 46,500 Long-term Notes Payable 54,460 65,000 Other Expenses (including losses). 590,000 15,000 Retained earnings 69,000 57,000 Revenues (including gains). 657,000 102,000 Share capital 296,000 251,000 Unearned Revenue, 24,660 28,000 | XXX (select one) Statement of Cash Flows (select one) Question 1 [70 points] Barton Corporation began operations on January 1, 2013. Its adjusted trial balance at December 31, 2014 and 2015 is shown below. Other information regarding Barton Corporation and its activities during 2015 follow in (a) through (f) a. Assume all accounts have normal balances. b. $12,000 of the long-term notes payable will be paid during 2016. c. Equipment was sold for cash of $22,800. d. Old machinery was sold for cash of $13,400. New machinery was purchased for $22,000 cash. e. Share capital was issued for cash. f. Cash dividends were declared and paid. Using the information provided, prepare a statement of changes in equity, a classified balance sheet, and a statement of cash flows (using the indirect method) for the year ended December 31, 2015. (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity X + X + (select one) Balance Sheet (select one) Barton Corporation Adjusted Trial Balance December 31 Account 2015 2014 Accounts Payable 86,600 72,000 Accounts Receivable 60,000 60,250 Accumulated Depreciation, Equipment 4,200 86,500 Accumulated Depreciation, Machinery. 5,100 100,000 Allowance for Doubtful Accounts 5,000 12,250 Depreciation Expense, Equipment 14,100 14,100 Depreciation Expense, Machinery... 7,900 7,900 Cash 364,380 295,000 Cash Dividends. 53,000 53,000 Equipment 27,600 145,000 Machinery 42,200 137,000 Merchandise Inventory. 42,840 46,500 Long-term Notes Payable 54,460 65,000 Other Expenses (including losses). 590,000 15,000 Retained earnings 69,000 57,000 Revenues (including gains). 657,000 102,000 Share capital 296,000 251,000 Unearned Revenue, 24,660 28,000 | XXX (select one) Statement of Cash Flows (select one)
