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You are asked to prepare the following statements: 1. Balance Sheet at December 31, 2019 2. Statement of Cash Flows for the year ending December
You are asked to prepare the following statements: 1. Balance Sheet at December 31, 2019 2. Statement of Cash Flows for the year ending December 31, 2019 Pd: if you are allowed to only answer one, could you please do number two? Thank you in advance. Please use the following adjusted Trial Balance for Great Adventures, Inc. to complete this assignment. Assume that Great Adventures, Inc. began its operations on January 1, 2019. There were no identifiable transactions in 2018. You are asked to prepare the following statements: Balance Sheet at December 31, 2019 Statement of Cash Flows for the year ending December 31, 2019 For Earings per Share (EPS) calculations, use 10,000 shares of common stock as the weighted average number of shares outstanding Credit Debit 4200 2.000 5.000 2 400 1600 300 200 12.000 21.000 &.000 2.800 14 000 750 30.000 10,000 GREAT ADVENTURES, Inc Adjusted Trial Balance December 31, 2019 Account Cach Account Receivable Inventory Prepaid Insurance Prepaid rent Supplies Office Supplies (Racing Equipment (Bikes) Equipment (Kayaks Accumulated depredation Accounts payable Income tax payable Interest payable Notes payable Common stock 51.00par 1,000,000 shares authorized 10,000 shares sued and outstanding) Paldin Capital In Excess of Par Common Didends Merchandise Sales Revenue Sales returns and allowances Semice revenue Service revenue (Rading) Advertising expense Cast of Goods Sold De predation experte Income tax expense Insurance expense Interest expense Legal fees expense Maneous expense Rent expense Salaries expense Selling expose Supplies expense (Orice) Supplies expense (Racing) 20.000 4.000 27.500 2.500 SO 400 17,500 1.000 15.000 2000 14.000 2.400 1.500 800 2.000 5.000 1.500 2.600 Totals 170.950 170.990 For EPS (earnings pershare) calculations use 20.000 shares of common stock as the weighted average number of shares outstanding
1. Balance Sheet at December 31, 2019
2. Statement of Cash Flows for the year ending December 31, 2019
Pd: if you are allowed to only answer one, could you please do number two? Thank you in advance.
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