What two additional adjusting entries need to be made at the end of the year? (Select all that apply.)
What amount would be reported for land on the balance sheet?
What amount of net cash flow from operating activities would be reported on the statement of cash flows? (Enter cash outflows as negative amounts.)
What amount of rent expense would be reported in the income statement? (Do not round intermediate calculations.)
What amount of total liabilities would be reported on the balance sheet?
What amount of supplies expense would be reported on the income statement?
What amount of unearned revenue would be reported on the balance sheet? (Do not round intermediate calculations.)
What amount of net cash flow from investing activities would be reported on the statement of cash flows? (Enter cash outflows as negative amounts.)
What amount of total expenses would be reported on the income statement? (Do not round intermediate calculations.)
What total amount of service revenue would be reported on the income statement? (Do not round intermediate calculations.)
What amount of cash flows from financing activities would be reported on the statement of cash flows? (Enter cash outflows as negative amounts.)
What amount of net income would be reported on the income statement? (Do not round intermediate calculations.)
What amount of retained earnings would be reported on the balance sheet? (Do not round intermediate calculations.)
Problem 2-36 Identifying and arranging elements on financial statements LO 2-7
The following accounts and balances were drawn from the records of Dawkins Company at December 31, 2014:
Cash $ 11,700 Accounts receivable $ 19,000 Land 38,000 Cash flow from operating act. 8,000 Insurance expense 1,000 Beginning retained earnings 9,230 Dividends 5,400 Beginning common stock 1,000 Prepaid insurance 2,300 Service revenue 81,000 Accounts payable 28,500 Cash flow from financing act. 5,200 Supplies 730 Ending common stock 5,400 Supplies expense 300 Cash flow from investing act. (7,500 ) Rent expense 2,700 Other operating expenses 43,000
Required
Use the accounts and balances from Daw