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will rate! thank you your time in walking me through yhe steps. Malco Enterprises Issued $20,000 of common stock when the company was started. In
will rate! thank you your time in walking me through yhe steps. Malco Enterprises Issued $20,000 of common stock when the company was started. In addition, Malco borrowed $56.000 from a local bank on July 1, 2018. The note had a 6 percent annual interest rate and a one-year term to maturity. Malco Enterprises recognized $82.500 of revenue on account in 2018 and $97.200 of revenue on account in 2019. Cash collections of accounts receivable were $65.300 in 2018 and $75,500 in 2019. Malco paid $49.000 of other operating expenses in 2018 and $55,000 of other operating expenses in 2019. Malco repaid the loan and interest at the maturity date. Organize the information in accounts under an accounting equation (Enter any decreases to account balances with a mis en effect on the Accounts Titles / Retained Earings Round Intermediate calculation and your answers to nearest whole della ment) MALCO ENTERPRISES Effect of Events on the Accounting Equation 2018 and 2010 Liabilities Stockholders' Equity Notes Interest Common Retained Payable Payable Stock Earnings Event Assets Accounts Receivable Accounts Tities! Retained Earnings Cash . 2018 1 2 3 4 . 5 . 01 0 0 0. 0 End Bal 2019 Bog bal 1 2 ++++++ 4 5 0 0 0 End bal Net cash flow from operating activities Interest expense Total liabilities Retained earnings Cash flow from financing activities Interest expense Cash flows from operating activities Amount of assets
will rate! thank you your time in walking me through yhe steps.
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