The following accounts and balances were drawn from the records of Barker Company at December...
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Accounting
The following accounts and balances were drawn from the records of Barker Company at December 31, Year 2:
Supplies
$
650
Beginning retained earnings
$
19,000
Cash flow from investing act.
(6,200
)
Cash flow from financing act.
(5,100
)
Prepaid insurance
2,400
Rent expense
2,800
Service revenue
79,000
Dividends
4,900
Other operating expenses
41,000
Cash
10,600
Supplies expense
260
Accounts receivable
19,000
Insurance expense
1,100
Prepaid rent
4,900
Beginning common stock
1,100
Unearned revenue
6,200
Cash flow from operating act.
7,500
Land
37,000
Common stock issued
5,800
Accounts payable
13,510
Required Use the accounts and balances from Barker Company to construct an income statement.
Use the accounts and balances from Barker Company to construct statement of changes in stockholders equity.
Use the accounts and balances from Barker Company to construct balance sheet.
Use the accounts and balances from Barker Company 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.)
BARKER COMPANY Income Statement For the Year Ended December 31, Year 1 Revenue Total revenue Expenses Total expenses BARKER COMPANY Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 1 Beginning common stock Ending common stock Beginning retained earnings Ending retained earnings Total stockholders' equity Balance Sheet As of December 31, Year 1 Assets Total assets Liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity BARKER COMPANY Statement of Cash Flows For the Year Ended December 31, Year 1 Cash flow from operating activities Cash flow from investing activities Cash flow from financing activities Net change in cash Ending cash balance
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