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Please provide the proper labels and dates for the income statement, balance sheet, statement of Stock Holder's Equity, and statement of cash flows COMPREHENSIVE PROBLEM
Please provide the proper labels and dates for the income statement, balance sheet, statement of Stock Holder's Equity, and statement of cash flows
COMPREHENSIVE PROBLEM You have been approached by Janet Jones about helping berassemble a set of December 31 financial statements for her new business. Janct began the operations of her bakery shop on January 1, 2019. Janet decided that she did not want to risk any personal liability resulting from operating the business consequently, she organized the bakery, called Sweet Pleasures, as a corporation. Required Use the format of Exhibits 1-6 through 1-9 to prepare an income statement, statement of stockholders' equity. balance sheet, and statement of cash flows for Sweet Pleasures as of December 31, 2019. Use the account titles and balances provided below. Be sure to use proper underlining and double underlining, Sales of goods $200,000 Dividends $ 10,000 Cash. 99,000 Bank loan payable 20,000 Rent expense 16,000 Accounts receivable. 40,000 Interest payable 1,600 Cash received from operating activities 160.000 Cash received from issuance of common stock. 50,000 Cash payments for operating activilies. 94,000 Insurance esponse. 20,000 Salary expense.... 40,000 Purchase of equipment 27,000 Cash received from borrowing from bank 20,000 Equipment .. 27,000 Interest expense. 1,600 Common stock. 50.000 Administrative dispense 18,000 Cash dividends pald. 10,000Step by Step Solution
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