Which of the following statements is correct? A. Assets on the balance sheet include retained earnings. B. Retained earnings inc
1 answer:
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Answer:
Please find the complete solution in the attachment file.
Explanation:
Please find the attachment table for the 3 years of cash flow:
Answer:
1) The net income for the period ended December 31, 2018, is 68103.
2)The total liabilities and stockholders equity is 261615.
Explanation:
1) 1920 sales revenue is an unearned revenue since delivery will be made in 2019
Interest payable on note oct 1 :Interest = [1 Oct - 31 Dec]
Interest receivable on march 1 :Interest= [1 Mar -31 -Dec]
Supplies used = 1850 unadjusted -980 ending inventory = 870
Insurance expired for the period = [1april -31 dec ]
