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PLEASE HELP ME Prepare a statement of cash flows. (Amounts to be deducted should be indicated with minus sign.) Gargantuan Statement of Cash Flows For
PLEASE HELP ME
Prepare a statement of cash flows. (Amounts to be deducted should be indicated with minus sign.) Gargantuan Statement of Cash Flows For the Year ended December 31, 2018 Cash flows from operating activities $ 0 Net cash flow from operating activities Cash flows from investing activities Cash flows from financing activities 0 Net cash flow from financing activities Net change in cash Ending cash balance 0 The following events occurred Gargantuan's first year of operations: 1. Acquired $23,000 cash from the issue of common stock on January 1, 2018. 2. Purchased $950 of supplies on account. 3. Paid $4,560 cash in advance for a one-year lease on office space. 4. Earned $31,350 of revenue on account. 5. Incurred $12,950 of other operating expenses on account. 6. Collected $25,500 cash from accounts receivable. 7. Paid $9,150 cash on accounts payable. 8. Paid a $3,300 cash dividend to the stockholders. Adjusting Entries information s 9. There was $180 of supplies on hand at the end of the accounting period. 0. The lease on the office space covered a one-year period beginning November 1. 11. There was $3,900 of accrued salaries at the end of the period. Required a. Record these transactions in general journal form. b. Post the transaction data from the journal to ledger T-accounts. c. Prepare a trial balance. d-1. Prepare an income statement. d-2. Prepare a statement of changes in stockholders' equity, d-3. Prepare a balance sheet. d-4. Prepare a statement of cash flows Step by Step Solution
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