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ue. 2. Use the following accounts and balances from the Jackson Company to construct an Income Statement Cash Flow Statement and Balance Sheet. Land $12,000
ue. 2. Use the following accounts and balances from the Jackson Company to construct an Income Statement Cash Flow Statement and Balance Sheet. Land $12,000 Cash Flow From OA $15,000 Insurance Expense 1,500 Beginning Retained Earning 12,000 Distribution 2,500 Beginning Contributed Capital 6,500 Prepaid Insurance 6,000 Service Revenue 40,000 Cash 30,000 Cash Flow From FA 20,000 Accounts Payable 23,000 Acquisition From Owners 8,000 Supplies 150 Accumulated Depreciation 1,500 Supplies Expense Depreciation Expense 850 Cash Flow From IA (20,000) 2,000 Operating Expense 10,000 Accounts Daraiunhle Office Enuinment 19.000 Land $12,000 Cash Flow From OA $15,000 Insurance Expense 1,500 Beginning Retained Earning 12,000 Distribution 2,500 Beginning Contributed 6,500 Capital Prepaid Insurance 6,000 Service Revenue 40,000 Cash 30,000 Cash Flow From FA 20,000 Accounts Payable 23,000 Acquisition From Owners 8,000 Supplies 150 Accumulated 1,500 Depreciation Supplies Expense 850 Cash Flow From IA (20,000) Depreciation Expense 2,000 Operating Expense 10,000 Accounts Receivable 8,000 Office Equipment 18,000
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