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PLEASE HELP ME ITS ONLY ONE PROBLEM!! Thank you so much!! Required information Exercise 7-15A (Algo) Comprehensive single-cycle problem LO 7-4, 7-5, [The following information

PLEASE HELP ME ITS ONLY ONE PROBLEM!! Thank you so much!!
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Required information Exercise 7-15A (Algo) Comprehensive single-cycle problem LO 7-4, 7-5, [The following information applies to the questions displayed below.) The following post-closing list of accounts was drawn from the accounts of Little Grocery Supplier (LGS) as of December 31. Year 2: Cash Accounts receivable Allowance for doubtful accounts Inventory Accounts payable Common stock Retained earnings $ 5,660 19,125 2,350 22,130 10,380 21,800 12,385 Transactions for Year 3 1. Acquired an additional $9100 cash from the issue of common stock 2. Purchased $58,600 of inventory on account. 3. Sold inventory that cost $61,700 for $96,500. Sales were made on account 4. The company wrote off $1.410 of uncollectible accounts 5. On September 1, LGS loaned $7,500 to Eden Co. The note had an 5 percent interest rate and a one-year term. 6. Paid $15,410 cash for operating expenses. 7. The company collected $80,450 cash from accounts receivable. 8. A cash payment of $52,000 was paid on accounts payable. 9. The company paid a $4,400 cash dividend to the stockholders. 10. Uncollectible accounts are estimated to be 1 percent of sales on account 11. Recorded the accrued interest at December 31, Year 3 (see item 5). Exercise 7-15A (Algo) Part a Required a. Organize the transaction data in accounts under an accounting equation (Enter any decreases to account balances and cash outflows with a minus sign. For changes on the Statement of Cash Flows, indicate whether the item is an operating activity (OA), Investing activity (IA), or financing activity (FA). Not all cells require input.) LITTLE GROCERY SUPPLIER (LGS) Accounting Equation for Year 3 Liabilities Stockholders' Equity Assets Event Canh NRV Accounts Receivable Merchandise Inventory Notes Receivable Interest Receivable Accounts Payable Common Stock Account Titles for Retained Earnings Retained Earning Bal 1 2 3a 3b. 4 5. 6. 7. 8 + . 9 10. 11 Bal. + 0 0 0 b. Prepare an income statement, a statement of changes in stockholders' equity, a balance sheet, and a statement of cash flows for Year 3 Complete this question by entering your answers in the tabs below. Req B Inc Stmt Req B Stmt SE Req B Bal Sheet Red B Stmt Cash Flows Prepare an income statement for Year 3. (Enter all final answers in whole dollars.) LITTLE GROCERY SUPPLIER (LGS) Income Statement For the Year Ended December 31, Year 3 Expenses 0 Total expenses Operating income 0 Exercise 7-15A (Algo) Part b b. Prepare an income statement, a statement of changes in stockholders' equity, a balance sheet, and a statement of cash fl Year 3 Complete this question by entering your answers in the tabs below. Req B Inc Reg B Stekt se Reg B Bal Req B Stmt Stmt Sheet Cash Flows Prepare a statement of changes in stockholders' equity for Year 3. (Enter all final answers in whole dollars. Enter deductibles with a minus sign.) LITTLE GROCERY SUPPLIER (LGS) Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 3 Beginning common stock 0 Ending common stock Beginning retained earnings 0 Ending retained earnings Total stockholders' equity $ Complete this question by entering your answers in the tabs below. Reg B Inc Stmt Req B. Stmt SE Req B Bal Sheet Req B Stmt Cash Flows Prepare a balance sheet for Year 3. (Be sure to list the assets in the order of their liquidity. Enter all final answers in whole dollars.) LITTLE GROCERY SUPPLIER (LGS) Balance Sheet As of December 31, Year 3 Assets 0 $ Total assets Liabilities 0 Total liabilities Stockholders' equity 0 Total stockholders' equity Total liabilities and stockholders' equity ( Req B Stmt SE Req B Stm Cash Flows > Complete this question by entering your answers in the tabs below. Reg B Inc Stmt Req B Stmt SE Req B Bal Sheet Reg B Stmt Cash Flows Prepare a statement of cash flows for Year 3. (Amounts to be deducted and cash outflows should be indicated with a minus sign. Enter your final answers in whole dollars.) LITTLE GROCERY SUPPLIER (LGS) Statement of Cash Flows For the Year Ended December 31, Year 3 Cash flows from operating activities: Net cash flow from operating activities Cash flows from investing activities: $ 0 Net cash flow from investing activities Cash flows from financing activities: 0 - Net cash flows from financing activities Not change in cash 0 0 Ending cash balance $ 0 ( Req B Bal Sheet Reg Smt Cesh Flow

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