Part : Use the financial information provided below to Prepare a MultiStep Income Statement, Statement of Retained Earnings, Classified Balance Sheet and Statement of Cash Flows. Use the provided excel template to complete.
Cash $
Accounts Payable $
Salary Expense $
Prepaid Rent $
Payroll Tax Expense $
Land $
Advertising Expense $
Notes Payable $
Service Revenue $
Equipment $
Utilities Expense $
Common Stock $
Accounts Receivable $
Unearned Revenue $
Patent $
Beginning Retained Earnings $
Cost of Goods Sold $
Rent Expense $
Income Tax Expense $
Dividends $
Sales Revenue $
Supplies $
Prepaid Insurance $
Preferred Stock $
Salary Payable $
Supply Expense $
Cash inflow from operating $
Cash outflow from operating $
Cash inflows from investing $
Cash outflows from investing $
Cash inflows from financing $
Cash outflows from financing $
