PREPARE:Statement of Cash Flows for month ended January 31

Post-Closing Trial Balance December 31, 2XX1 Debit Credit Cash 4,965 Accounts receivable 2,150 Supplies Prepaid rent Building Equipment Accumlated depreciation Accounts payable Utilities payable Salaries and wages payable income tax payable Notes payable 870 850 79,000 119,500 37,500 5,875 710 2,235 5,890 31,400 Common stock 95,000 Retained Earnings 28,725 Total 207,335 207,335 Adjusted Trial Balance Debit Credit $ Cash 4,490 $ Accounts Receivable 4,290 $ Supplies 680 Prepaid Rent S 79,000 S 124,000 Building Equipment $ 38,270 $ 5,085 Accumlated Depreciation Accounts Payable $ $ 1,790 S 6,545 Utilities Payable Salaries and Wages Payable Income Tax Payable $ $ 33,650 $ 95,000 28,725 Interest Payable 112 Notes Payable Common Stock Retained Earnings 300 Dividends $ 8,290 Service Revenue Salaries and Wages Expense 2,130 850 Rent Expense Supplies Expense 190 Depreciation Expense 770 $ Interest Expense 112 $ Income Tax Expense 655 Total 217,467 $217,467 Income Statement Revenue: $ 8,290 Service Revenue Expenses: Salaries and Wages Expense 2,130 Rent Expense 850 Supplies Expense 190 Depreciation Expense 770 112 Interest Expense Income Tax Expense 655 Dividends Total Expenses: 300 $ $ 5,007 3,283 Thunderduck Car Repair Statement of Stockholders Equity Retained Earnings Common Stock Total SHE Balance, December 31, 2XX1 28,725 $ 95,000 123,725 Common Stock Issued 3,283 Net Income Balance, January 31, 2XX1 95,000 32,008 127,008 Balance Sheet Liabilities and Shareholder's Equity Assets Current Liabilities: Current Assets: Accounts Payable S Cash 4,490 5,085 Salaries and Wages Payable Account Receivable 4,290 1,790 680 Supplies Total current assets Income Tax Payable Interest Payable 6,545 S 9,460 112 Notes Payable 33,650 Plant, Property, and Equipment: Building Total Liabilities 47,182 79,000 Equipment Accumulated Depreciation 124,000 Shareholder's Equity (38,270) Common Stock 95,000 Property, plant, and Equipment (n Retained Earnings 164,730 32,008 Total Shareholder's Equity 127,008 $ 174,190 174,190 Total Assets Total Liabilities & Shareholder's Ec Statement of Cash Flows Cperating Increase in Accounts Receivable (2,140) 190 Decrease in Supplies Decrease in Prepaid Rent Decrease in Accounts Payable Decrease in Utilities Payable Increase in Interest Payable Decrease in Salaries and Wages Pa Increase in Income Tax Payble 850 (790) (710) 112 (445 655 [2,278 Net cash flows from operating activities investin Financing Cash beginning, Jan1 Cash ending, Jan 31 Change in cash Non-cash activities