Answer Happy

A) Fill out the financial statement from the images. Start from
bottom to top please
Opened a bank account with previously earned (retained
earnings) money for $25,000
Bought a house by paying $25,000 down in cash and taking
a loan of $225,000
Bought a vehicle by paying $800 down in cash and taking
a loan of $32,200
Worked (performed services) to clients for $75,000
cash
Paid for materials used (expense) in the services
performed with cash for $25,000
Paid for repairs and utilities of the house and vehicle
(just regular expenses) with cash for $8,500
During the year, you paid $5,000 in interest and $9,500
in principal on the loan on the house with cash
During the year, you paid $600 in interest and $3,400 in
principal on the loan on the vehicle with cash
During the year, you paid $18,500 for personal-related
expenses in cash
At the end of the year, you purchased $3,250 in gifts
(expenses) for others that you paid for with a new credit
card
Net Income Take appropriate information and prepare a Statement of Changes to Stockholders' Equity Beginning Retained Earnings Plus: Net Income Less: Dividends End Retained Earnings Total Stockholders' equity Take appropriate information and prepare a Balance Sheet
Assets Total Assets Liabilities Stockholders' Equity Total Stockholders' Equity Total Liabilities and Stockholders' Equity
Cash flows from Operating Activities: Net cash flow from Operating Activities Cash flows from Investing Activities: Net cash flow from Investing Activities Cash flows from Financing Activities: Net cash flow from Financing Activities Net Increase in Cash $ Plus: Beginning Cash Balance Ending Cash Balance