The following accounts and balances were drawn from the records of Barker Company at December 31, 2016: |
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Supplies | $ | 760 | | Beginning retained earnings | $ | 19,000 | |
Cash flow from investing act. | | (6,900) | | Cash flow from financing act. | | 6,000 | |
Prepaid insurance | | 2,300 | | Rent expense | | 2,600 | |
Service revenue | | 81,000 | | Dividends | | 5,400 | |
Other operating expenses | | 42,000 | | Cash | | 11,600 | |
Supplies expense | | 230 | | Accounts receivable | | 19,000 | |
Insurance expense | | 1,100 | | Prepaid rent | | 5,200 | |
Beginning common stock | | 900 | | Unearned revenue | | 6,900 | |
Cash flow from operating act. | | 8,000 | | Land | | 39,000 | |
Common stock issued | | 5,800 | | Accounts payable | | 15,590 | |
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Use the accounts and balances from Barker Company to construct an income statement | | BARKER COMPANY | Income Statement | For the Year Ended December 31, 2016 | Revenue | | | | | | | | | Total revenue | | | Expenses | | | | | | | | | | | | | | | | | | Total expenses | | | | | | | |
Use the accounts and balances from Barker Company to construct statement of changes in stockholders equity.
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| BARKER COMPANY | Statement of Changes in Stockholders Equity | For the Year Ended December 31, 2016 | Beginning common stock | | | | | | Ending common stock | | | Beginning retained earnings | | | | | | | | | Ending retained earnings | | | Total stockholders equity | | | |
Use the accounts and balances from Barker Company to construct balance sheet.
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| BARKER COMPANY | Balance Sheet | As of December 31, 2016 | Assets | | | | | | | | | | | | | | | | | | | | | | | | Total assets | | | Liabilities | | | | | | | | | | | | Total liabilities | | | Stockholders Equity | | | | | | | | | | | | Total stockholders equity | | | Total liabilities and stockholders equity | | | |
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 COMPANY | Statement of Cash Flows | For the Year Ended December 31, 2016 | Cash flow from operating activities | | Cash flow from investing activities | | Cash flow from financing activities | | Net change in cash | | | | Ending cash balance | | | |