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please help d. Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for Year 1. (Statement of
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d. Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for Year 1. (Statement of Cash Flows only, enter any decreases to account balances and cash outflows with a minus sign.) Required Information The following information applies to the questions displayed below]. The following transactions pertain to Smith Training Company for Yeart: Jak. 30 Establisbed the business when \\( 1 t \\) acquired \\( \\$ 52,000 \\) cash fros the issue of conton stock. Feb. 1 pald rent for offtce space for twe years, s3e, eas cash. Apr. 10 Purchased 5790 of supplies on account. Juty 1 Received \\( \\$ 26 \\), eab cash in advance for services to be provided over the next year. 20 paid \\( \\$ 593 \\) of the accounts poyable fron Aprit 10. Aug. 15 billed a customer 510,100 for services provided doring August. Sept, 15 completed a job and received \\( \\$ 2,500 \\) cash for services rendered. oct. 1 paid enployee sataries of \\( \\$ 34 \\), 50 casti. 15 Received \\( 57,50 a \\) cash from acceunts recelvable. Nov. 15 Billed custorers \\( \\$ 35,50 a \\) for services rendered an account. Dec. 1 Paid a dividend of \\( \\$ 1,3 \\) eo cash to the stockholders. 31 Adjusted records to recognize the services provided on the contract of July 1. 31 Recorded \\( \\$ 2,30 \\) of accrued salaries as of December 31. 31 Recorded the ront expense for the year. (See february 1.) 31 Physicalty counted supplies; \\( \\mathbf{3 1 2 0} \\) was on hand at the end of the pericd. d. Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash fiows for Yosi 1. istatement of Cash Flows only, enter any decreases to account balances and cash outhows with a minus sign.) Step by Step Solution
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