The effects of transactions occurring during 2013 and their related end-of-year adjustments have been recorded below using the accounting equation. Required:
With your knowledge of transaction analysis using an accounting equation,
a) Prepare an income statement for 2013, and
b) Prepare a statement of cash flows for 2013.

Question

The effects of transactions occurring during 2013 and their related end-of-year adjustments have been recorded below using the accounting equation.  Required:
With your knowledge of transaction analysis using an accounting equation,
a) Prepare an income statement for 2013, and
b) Prepare a statement of cash flows for 2013.

Quizplus · Accepted Answer

The Answer of The effects of transactions occurring during 2013 and their related end-of-year adjustments have been recorded below using the accounting equation.  Required:
With your knowledge of transaction analysis using an accounting equation,
a) Prepare an income statement for 2013, and
b) Prepare a statement of cash flows for 2013.

The Effects of Transactions Occurring During 2013 and Their Related