Prepare the company's Statement of Retained Earnings. Use the worksheet on the Green tab for...
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Accounting
Prepare the company's Statement of Retained Earnings. Use the worksheet on the Green tab for this problem. You are the accountant for Kamal Fabricating, Inc. and you oversee the preparation of financial statements for the year just ended 6/30/2020. You have the following information from the company's general ledger and other financial reports (all balances are end-of-year except for those noted otherwise): Provide journal entries to record eseh of the following transactions. For esch, also identify the appropriate section of the staternent of cash flows, and "Whether the transaction represents a source of cash (5), a use of cgsh(U ), or neither ( N). A. February 18 , paid $12,000 of accounts payable B. February 22, collected $6,000 from a customer C. March 11, issued common stock at par for $24,000 cash D. July 31, paid $6,000 cash dividend to shareholders E. August 7 , sold products to customers for $15,000 F. August 18, paid current month's utility bill, $1,500 Put your journal entries in the lines below. Be sure to follow proper journal writing rules. Prepare the company's Statement of Retained Earnings. Use the worksheet on the Green tab for this problem. You are the accountant for Kamal Fabricating, Inc. and you oversee the preparation of financial statements for the year just ended 6/30/2020. You have the following information from the company's general ledger and other financial reports (all balances are end-of-year except for those noted otherwise): Provide journal entries to record eseh of the following transactions. For esch, also identify the appropriate section of the staternent of cash flows, and "Whether the transaction represents a source of cash (5), a use of cgsh(U ), or neither ( N). A. February 18 , paid $12,000 of accounts payable B. February 22, collected $6,000 from a customer C. March 11, issued common stock at par for $24,000 cash D. July 31, paid $6,000 cash dividend to shareholders E. August 7 , sold products to customers for $15,000 F. August 18, paid current month's utility bill, $1,500 Put your journal entries in the lines below. Be sure to follow proper journal writing rules


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