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please help financial statement balance sheet statement of cash flow Required information [The following information applies to the questions displayed below) The following transactions pertain
please help financial statement
Required information [The following information applies to the questions displayed below) The following transactions pertain to Smith Training Company for Year 1: Jan. 30 Established the business when it acquired $53,000 cash from the issue of common stock. Feb. 1 Paid rent for office space for two years, $17,100 cash. Apr. 10 Purchased $870 of supplies on account. July 1 Received $30,000 cash in advance for services to be provided over the next year. 20 Paid $653 of the accounts payable from April 1 Aug. 15 Billed a customer $9,600 for services provided during August. Sept. 15 Completed a job and received $3,400 cash for services rendered. Oct. 1 Paid employee salaries of $32,500 cash. 15 Received $7,500 cash fron accounts receivable. Nov. 16 Billed customers $37,500 for services rendered on account. Dec. 1 Paid a dividend of $1,200 cash to the stockholders. 31 Adjusted records to recognize the services provided on the contract of July 1. 31 Recorded $2,450 of accrued salaries as of December 31. 31 Recorded the rent expense for the year. (See February 1.) 31 Physically counted supplies: $150 was on hand at the end of the period. d. Prepare an income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for Year 1 (Round your final answers to the nearest whole dollar amount. Statement of Cash Flows only, items to be deducted must be Indicated with a negative amount.) SMITH TRAINING COMPANY Financial Statements For the Year Ended December 31, Year 1 Income Statement Expenses + Total expenses 0 $ 0 Statement of Changes in Stockholders' Equity 0 0 Total Stockholders' Equity $ 0 SMITH TRAINING COMPANY Balance Sheet As of December 31, Year 1 Assets Total assets $ 0 Liabilities Total liabilities Stockholders' Equity $ 0 Total stockholders' equity Total liabilities and stockholders' equity 0 $ 0 SMITH TRAINING COMPANY Statement of Cash Flows For the Year Ended December 31, Year 1 Cash flow from operating activities: $ CA 0 Net cash flow from operating activities Cash flow from investing activities Cash flows from financing activities: Net cash flow from financing activities 0 0 Ending cash balance $ 0 balance sheet
statement of cash flow
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