Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What else could go in the blue blanks? The following accounts and balances were drawn from the records of Barker Company at December 31, 2018:

image text in transcribed

image text in transcribed

What else could go in the blue blanks?

The following accounts and balances were drawn from the records of Barker Company at December 31, 2018: $ Supplies Cash flow from investing act. Prepaid insurance Service revenue Other operating expenses Supplies expense Insurance expense Beginning common stock Cash flow from operating act. Common stock issued 740 Beginning retained earnings (6,200) Cash flow from financing act. 2,300 Rent expense 75,000 Dividends 42,000 Cash 220 Accounts receivable 1,100 Prepaid rent 1,200 Unearned revenue 7,900 Land 5,000 Accounts payable $ 19,000 (5,800) 2,200 5, 100 12,300 19,000 4,900 6,200 37,000 20,460 BARKER COMPANY Balance Sheet As of December 31, 2018 Assets Cash $ 12.300 Accounts receivable $ 19.000 Land $ 37,000 740 Supplies $ Prepaid rent S 4.900 $ 0 $ 73.940 Total assets Liabilities S Accounts payable Unearned revenue 20.460 6.200 0 Total liabilities $ 26 660 Stockholders' Equity Common stock Retained earnings 0 Total stockholders' equity Total liabilities and stockholders' equily $ 26 660

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Compensation And Benefits Programs

Authors: Kelli W. Vito

1st Edition

0894136720, 978-0894136726

More Books

Students also viewed these Accounting questions

Question

5. Describe the visual representations, or models, of communication

Answered: 1 week ago