- Dan Watson Started A Small Merchandising Business In Year 1 The Business Experienced The Following Events During Its Fi 1 (94.2 KiB) Viewed 42 times
- Dan Watson Started A Small Merchandising Business In Year 1 The Business Experienced The Following Events During Its Fi 2 (127.51 KiB) Viewed 42 times
- Dan Watson Started A Small Merchandising Business In Year 1 The Business Experienced The Following Events During Its Fi 3 (113.8 KiB) Viewed 42 times
- Dan Watson Started A Small Merchandising Business In Year 1 The Business Experienced The Following Events During Its Fi 4 (57.96 KiB) Viewed 42 times
Complete this question by entering your answers in the tabs below. Required A Record the events in a horizontal statement model. In the Cash Flow column, use OA to designate operating activity, IA for investment activity, FA for financing activity, or NC for net change in cash. If the element is not affected by the event, leave the cell blank. (Not every cell will require entry. Enter any decreases to account balances and cash outflows with a minus sign.) Event 1. 2 3a 3b. Total Required B Required C Cash Assets + Inventory ++++ DAN WATSON MERCHANDISING Effect of Events on Financial Statements Stockholders' Equity Common Stock + ++ Retained Revenue Earnings < Required A Expenses Net Income Statement of Cash Flows Required B >
Complete this question by entering your answers in the tabs below. Required A Required B Required C Prepare an income statement for Year 1 (use the multistep format). DAN WATSON MERCHANDISING Income Statement For the Year Ended December 31, Year 1 Operating expenses < Required A Required C >
Complete this question by entering your answers in the tabs below. Required A Required B Total assets Required C What is the amount of total assets at the end of the period? < Required B Required C >