Prepare a balance sheet for February.

The Fifth Season
Balance Sheet
February 28, 20Y4
Assets
Cash		$
Supplies
Prepaid insurance
Total assets		$
Liabilities
Accounts payable		$
Stockholders' Equity
Common stock	$
Retained earnings
Total stockholders' equity
Total liabilities and stockholders' equity		$

Feedback

Recall that the balance sheet is a formal representation of the accounting equation, such that total assets must be equal to total liabilities and owner's equity. Assets are items owned by the company, while liabilities are debts owed to creditors, and owner's equity represents the rights of the owner.

Prepare a statement of cash flows for February. If your answer is zero enter "0". Enter net cash outflows as negative amounts.

The Fifth Season
Statement of Cash Flows
For the Month Ended February 28, 20Y4
Cash flows from operating activities:
Cash received from customers	$
Cash paid for expenses
Net cash flows from operating activities		$
Cash flows from financing activities:
Cash received for common stock	$
Cash paid for dividends
Net cash flows from financing activities
Change in cash during February		$
Cash as of February 1, 20Y4
Cash as of February 28, 20Y4		$