Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Accounting Basics Expert

Question: The following accounts and balances were drawn from the records of Barker Company at December 31, 2016: Supplies $ 650 Beginning retained earnings $ 18,000 Cash flow from investing act. (7,500) Cash flow from financing act. 5,100 Prepaid insurance 2,200 Rent expense 2,300 Service revenue 78,000 Dividends 5,000 Other operating expenses 43,000 Cash 11,200 Supplies expense 200 Accounts receivable 18,000 Insurance expense 1,100 Prepaid rent 4,900 Beginning common stock 1,000 Unearned revenue 7,500 Cash flow from operating act. 7,400 Land 39,000 Common stock issued 5,200 Accounts payable 17,850

Required: a. Use the accounts and balances from Barker Company to construct an income statement.

b. Use the accounts and balances from Barker Company to construct statement of changes in stockholders' equity.

c. Use the accounts and balances from Barker Comapny to construct balance sheet.

d. Use the accounts and balances from Barker Comapny to construct statement of cash flows (show only totals for each activity on the statement of cash flows . (Amounts to be deducted and cash outflows should be indicated with a minus sign.)

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M92644324
  • Price:- $15

Priced at Now at $15, Verified Solution

Have any Question?


Related Questions in Accounting Basics

Question - havel and petra are married will file a joint

Question - Havel and Petra are married, will file a joint tax return, and meet the requirements to file form 1040EZ. Havel has w-2 income of $40,000 and Petra has w-2 income of $44,542. Use the appropriate Tax Tables and ...

Question - marigold corporation issued a 4-year 55000 5

Question - Marigold Corporation issued a 4-year, $55,000, 5% note to Greenbush Company on January 1, 2017, and received a computer that normally sells for $44,762. The note requires annual interest payments each December ...

Question - bridgeport company reports the following

Question - Bridgeport Company reports the following financial information before adjustments. Dr. Cr. Accounts Receivable $169,500 Allowance for Doubtful Accounts $2,060 Sales Revenue (all on credit) 841,800 Sales Return ...

Question - pandora pillow companys planned production for

Question - Pandora Pillow Company's planned production for the year just ended was 10,000 units. This production level was achieved, but only 9,000 units were sold. Other data follow: Direct material used$40,000 Direct l ...

Question the records of hetrick company and frear

Question: The records of Hetrick Company and Frear Corporation show the following information. Prepare journal entries, if required, to adjust the books of Hetrick Company or Frear Corporation, as noted. The fiscal year ...

Qestion - a racing bike is listed for 129344 less 18 9

Question - A racing bike is listed for $1293.44 less 18 %, 9 %, and 3%. a. What is the net price? b. What is the total amount of discount that was allowed? c. What is the exact single rate of discount that was allowed?

Question - why is net income before tax the most common

Question - Why is net income before tax the most common base used to determine the preliminary judgment about materiality? In what circumstances might the auditor use a different base?

Question introduction you are a consultant hired by a

Question: Introduction: You are a consultant hired by a consumer products research company to analyze the packaging of various consumer products. Your first assignment is to go into a retail store and pick three products ...

Question you manage a plant that mass-produces engines by

Question: You manage a plant that mass-produces engines by teams of workers using assembly machines. The technology is summarized by the production function q = 5KL where q is the number of engines per week, K is the num ...

Question my choice is starbucksaccess each of the social

Question: My choice is Starbucks Access each of the social media pages for the brand you have selected (Facebook, Twitter, Instagram, etc.). Provide an assessment of the effectiveness of the social media sites: number of ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As