The effects of Blank Company's transactions occurring during 2012 and the related end-of-year adjustments have been recorded below using the accounting equation. Required:
With your knowledge of transaction analysis and the accounting equation,
a)Prepare an income statement for 2012,and
b)Prepare a statement of cash flows for 2012.

Question

The effects of Blank Company's transactions occurring during 2012 and the related end-of-year adjustments have been recorded below using the accounting equation.  Required:
With your knowledge of transaction analysis and the accounting equation,
a)Prepare an income statement for 2012,and
b)Prepare a statement of cash flows for 2012.

Quizplus · Accepted Answer

The Answer of The effects of Blank Company's transactions occurring during 2012 and the related end-of-year adjustments have been recorded below using the accounting equation.  Required:
With your knowledge of transaction analysis and the accounting equation,
a)Prepare an income statement for 2012,and
b)Prepare a statement of cash flows for 2012.

The Effects of Blank Company's Transactions Occurring During 2012 and the Related