S
sunnygurl
Guest
Please help, I am so lost and have noone to help me. I need an answer to this one problem and I cant even find a template for a balance sheet/income statement. It is a chapter focusing on "EFFECTS OF ACCRUALS ON FINANCIAL STATEMENTS) and asks me to prepare 1.) income statement 2.) stment of changes in stockholders equity 3.) balance sheet 4.) statement of cash flows.
1,)received 15,000 cash from the issue of common stock
2.)performed services on account for 48,000
3.)paid utility expense of 1,250
4.)collected 36,000 of the accounts receivable
5.)recorded 8,000 of accrued salaries at the end of the year
6.)paid a 1,000 cash dividedend to the shareholders
(first year of operation)
Can anyone please help me??????? Thanks so much in advance!
1,)received 15,000 cash from the issue of common stock
2.)performed services on account for 48,000
3.)paid utility expense of 1,250
4.)collected 36,000 of the accounts receivable
5.)recorded 8,000 of accrued salaries at the end of the year
6.)paid a 1,000 cash dividedend to the shareholders
(first year of operation)
Can anyone please help me??????? Thanks so much in advance!