ason M CUMULATIVE TEST OPTI × > c ol ezto.rmheducation.com/hm.tpx The following
ID: 2599892 • Letter: A
Question
ason M CUMULATIVE TEST OPTI × > c ol ezto.rmheducation.com/hm.tpx The following accounts and balances were drean from the records of Barker Company at December 31, 2016 700egening retaned eamings $18,000 ow from investing act 7.500) Cash Sow from financing act 5,200 Prepaid insurance 2,800 Rent expense 77,000 Ditends 5,.200 12.400 18.000 5 000 ,500 Other operating expenses 44,000 Cash 240 Accounts receivable 1200 Prepsid rent 1,100 Unesmed revenue nce expense Beginning common sock Cash fow from operating act 7,700 Land Common stock issued 5,300 Accounts paysble 19.940 Required Use the accounts and balances from Barker Compeny to construct an income statemert Total revenue Totsl experses Use the aceounts and balances trom Barker Compary to construct stetement of chenges in stockholders Statement of Changes in Stockholders Equity Beginning common stock Ending common stock Total slockholders equityExplanation / Answer
Barker Company
Income Statement
For the year ended December 31, 2016
Barker Company
Statement of Changes in Stockholders' Equity
For the year ended December 31, 2016
Barker Company
Balance Sheet
December 31, 2016
Barker Company
Statement of Cash Flows
For the year ended December 31, 2016
$ $ Service Revenue 77,000 Operating Expenses Rent Expense 2,300 Supplies Expense 240 Insurance Expense 1,200 Other Operating Expenses 44,000 Total Operating Expenses 47,740 Operating Income 29,260Related Questions
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