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Please help with the table - only need help with the cells marked with a red x - parts c, i,j,l ,. Please include all
Please help with the table - only need help with the cells marked with a red x - parts c, i,j,l,. Please include all calculations. The Balance Sheet is already filled out. Please open the images in another tab if the print is too small.
Waddell Company had the following balances in its accounting records as of December 31, 2018: Assets Cash Accounts Receivable Land Totals $ 53,000 44,000 28,000 $125,000 Liabilities and Equity Accounts Payable Common Stock Retained Earnings S 29,000 83,000 13,000 S125,000 The following accounting events apply to Waddell Company's 2019 fiscal year: 1 Jan 1 Acquired S40,000 cash from the issue of common stock. Feb. 1 Paid S5,400 cash in advance for a one-year lease for office space. Mar. 1 Paid a $1,800 cash dividend to the stockholders. April 1 Purchased additional land that cost $25,000 cash. May 1 Made a cash payment on accounts payable of 516,000. Received 57,000 cash in advance as a retainer for services to be performed monthly over the coming year. Sept.1 Sold land for $23,000 cash that had originally cost $23,000. Oct. 1 Purchased $1.090 of supplies on account. Dec 31 Eamed $59,000 of service revenue on account during the year. 31 Received cash collections from accounts receivable amounting to $55,000. 31 Incurred other operating expenses on account during the year that amounted to $14,000. 31 Recognized accrued salaries experise of 54.400 31 Had $200 of supplies on hand at the end of the period, 31 The land purchased on April 1 had a market value of $42.0DD. 31 Recognized $118 of accrued Interest revenue. Required Based on the preceding information, answer the following questions for Waddell Company. All questions pertain to the 2019 financial statements. (Hint: Enter items in general ledger accounts under the accounting equation before answering the cuestions.) a. What two additional adjusting entries need to be made at the end of the year? b. What amount would Waddell report for land on the balance sheet? c. What amount of net cash flow from operating activities would be reported on the statement of cash flows? (Enter cash outflows as negative amounts.) d. What amount of rent expense would be reported on the income slalement? (Do not round intermediate calculations.) e. What amount of total llabilities would be reported on the balance sheet? f. What amount of supplies expense would be reported on the income statement? g. What amount of unearned revenue would be reported on the balance sheet? (Do not round intermediate calculations.) h. What amount of net cash flow from investing activities would be reported on the statement of cash flows? (Enter cash outflows as negative amounts.) i. What amount of total expenses would be reported on the income statement? (Do not round intermediate calculations.) j. What total amount of service revenue would be reported on the income statement? (Do not round intermediate calculations.) k. What amount of cash flows frorri financing activities would be reported on the staterrient of cash flows? (Enter cash outflows as negative amounts. 1. What amount of net income would be reported on the income statement? (Do not round Intermediate calculations.) m. What amount of retained earnings would be reported on the balance sheet? (Do not round intermediate calculations. WADDELL COMPANY Accounting Equation + Date Assets Prepaid Supplies Rent Cash Interest Receivable Land Liabilities Salaries Payable 0 Unearned Revenue + Accounts Payable 29,000 + Accounts Receivable 44,000 0 Bal. Stockholders' Equity Common Retained Stock Earnings 83,000 13,000 40,000 0 0 0 0 0 0 28,000 = + + 0 0 0 0 0 + + Jan. 1 Feb. 1 0 5,400 0 0 0 0 + + Oo 0 O o o o o o 0 0 0 + + (1,800) 53,000 40,000 (5,400) (1,800) (28,000) (16,000) 7,000 23,000 o o o 0 0 00000 28,000 0 + + 0 0 0 0 0 (16,000) + Mar. 1 April 1 May 1 July 1 Sept. 1 Oct. 1 + 0 OOOOOOOO 0 0 0 0 0 0 7,000 + + 0 0 0 0 0 (23,000) = 0 0 + 0+ 0 o o o o o o o o 0 0 1,090 0 0 = 1,090 0 + o o o o o o o o o o o o o + 0 Dec. 31 0 0 0 0 0 0 59,000 Dec. 31 55,000 59,000 (55,000) 0 0 0 0 0 0 0 Dec. 31 0 o o o o o o o 0 0 0 14,000 0 0 Dec. 31 0 0 0 0 0 4,400 0 Dec. 31 0 0 (890) 0 0 o o o o Dec. 31 (14,000) (4,400) (890) 118 (4,950) 0 0 118 0 0 o oo o Dec. 31 0 (4,950) 0 0 o oo 0 0 Dec. 31 0 0 0 0 0 (3,500) 0 3,500 Dec. 31 0 0 0 0 0 0 0 0 0 Bal. 126,800 48,000 450 200 118 33,000 28,090 4,400 3,500 + 123,000 + 49,578 b. $ 33,000 c. Land Net cash flow from operating activities Rent expense $ 0X d. e. Total liabilities $ 4,950 $ 35,990 $ 890 f. g. h. Supplies expense Unearned revenue Net cash flow from investing activities Total expenses Service revenue i. j. $ 3,500 $ (5,000) $ 0X $ 0X $ 38,200 $ 0 X $ 49,578 k. Cash flows from financing activities Net income 1. m. Retained earningsStep by Step Solution
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