Question
The following accounts and balances were drawn from the records of Barker Company at December 31, 2018: Supplies$720Beginning retained earnings$19,000Cash flow from investing act.(7,400)Cash flow
The following accounts and balances were drawn from the records of Barker Company at December 31, 2018:
Supplies$720Beginning retained earnings$19,000Cash flow from investing act.(7,400)Cash flow from financing act.(5,100)Prepaid insurance2,400Rent expense2,700Service revenue83,000Dividends5,000Other operating expenses41,000Cash10,800Supplies expense210Accounts receivable19,000Insurance expense1,300Prepaid rent4,900Beginning common stock1,000Unearned revenue7,400Cash flow from operating act.7,600Land37,000Common stock issued5,400Accounts payable9,230
Required
Use the accounts and balances from Barker Company to construct an income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows (show only totals for each activity on the statement of cash flows).
- Income Statement
- SE
- Balance Sheet
- Stmt of Cash Flows
Use the accounts and balances from Barker Company to construct statement of cash flows (show only totals for each activity on the statement of cash flows).(Amounts to be deducted and cash outflows should be indicated with a minus sign.)
BARKER COMPANYStatement of Cash FlowsFor the Year Ended December 31, 2018Cash flow from operating activitiesCash flow from investing activitiesCash flow from financing activitiesNet change in cash(4,900)Ending cash balance$
10,800
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