Answer Happy

Posted: **Wed Jul 06, 2022 6:26 am**

: 1 Received 15 500 Cash From The Issue Of Common Stock 2 Performed Services On Account For 45 000 3 Paid The Utili 1 (37.12 KiB) Viewed 12 times

: 1 Received 15 500 Cash From The Issue Of Common Stock 2 Performed Services On Account For 45 000 3 Paid The Utili 2 (66.7 KiB) Viewed 12 times

: 1 Received 15 500 Cash From The Issue Of Common Stock 2 Performed Services On Account For 45 000 3 Paid The Utili 3 (74.38 KiB) Viewed 12 times

: 1 Received 15 500 Cash From The Issue Of Common Stock 2 Performed Services On Account For 45 000 3 Paid The Utili 4 (92.87 KiB) Viewed 12 times

1. Received $15,500 cash from the issue of common stock. 2. Performed services on account for $45,000. 3. Paid the utility expense of $1,200. 4. Collected $31,150 of the accounts receivable. 5. Recorded $7,950 of accrued salaries at the end of the year. 6. Paid a $1,300 cash dividend to the stockholders. Prepare the income statement, statement of changes in stockholders' equ Year 1 accounting period.
Req B1 Req B2 Req B3 Prepare the statement of changes in stockholders' equity for the Year Beginning common stock Plus: Common stock issued Ending common stock Beginning retained earnings MILEA INC. Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 1 Ending retained earnings Total stockholders' equity Req B4 $ $ 0 0
Assets Total assets Liabilities MILEA INC. Balance Sheet As of December 31, Year 1 Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity $ $ $ 0 0 0 0
MILEA INC. Statement of Cash Flows For the Year Ended December 31, Year 1 Cash flow from operating activities Net cash flow from operating activities Cash flow from investing activities Cash flow from financing activities Net cash flow from financing activities Net change in cash. Ending cash balance $ 599 $ 0 0 0 0