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Waddell Company had the following balances in its accounting records as of December 31 Year Assets Cath Accounts Receivable Total Accounts Payable Common Stock
Waddell Company had the following balances in its accounting records as of December 31 Year Assets Cath Accounts Receivable Total Accounts Payable Common Stock The following accounting events apply to Waddell Company's Year 2 fiscal year Mar $5,200 cash in advance for Paid $1, cash dividend to the stockhol April 1 Purchased addit Pade cash pyen May 1 ly 1 Received $7, Sept ock Sold land for $2,000 cash that had originally Purchased B 31 Received cas services to b 31 The land Required Show the effects of the events on the Snancial statements using the following horntal statements moder All questions pertant the Year 2 friancial statemen a. What two additional aqusting entes need to be made at the end of the yea b. What amount would Waddell report for land on the balance she c What amount of net cash flow hom operating actes would be reported on the statement d. What amount of rest expense would reported on the income statement What amount of total abies would be reported on the balance sheet What amount of supples expense g. What amount of uneamed revenue would be reponed on the balance sheet h. Whist amount of net cash flow huming acties would be reported on the s What amount of total expense What total amount De reported reported k. What amount of cash Sows from ancing actes de reported on the statement of cath Rows? What amount of net income would be reported on the income stee m. What amount of retained eamings would be reported on the balance sheet
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