Tucker Company shows the following transactions for the acco…

Tucker Company shows the following transactions for the accounting period ending December 31, Year 1: Sold books to customers for $68,000 on account Collected $56,000 from customers Issued common stock for $16,000 cash Prepaid four months’ rent for $8,800 on October 1, Year 1 Purchased supplies for $21,000 cash Physical count shows $6,500 of supplies remained on December 31, Year 1 Recorded adjustment for prepaid rent used Show how the above transactions and year-end adjustments affect the accounting equation. (Note: There is no need to provide appropriate account titles for the Retained Earnings amounts in the last column of the table.) Assets = Liabilities + Stockholders’ Equity Cash Accounts Receivable Prepaid Rent Supplies Common Stock Retained Earnings 1. 2. 3. 4. 5. 6. 7. Totals

ABC Company ended Year 1 with the following account balances…

ABC Company ended Year 1 with the following account balances: Cash $600, Common Stock $400, and Retained Earnings $200. The following transactions occurred during Year 2: Issued common stock for $19,000 cash. ABC borrowed an additional $11,000 from Chris Bank. ABC earned $9,000 of revenue on account. ABC incurred $4,000 of operating expenses on account. Cash collections of accounts receivables were $6,000. ABC provided additional services to customers for $1,000 cash. ABC purchased land for $14,000. ABC used $3,000 in cash to make a partial payment on its accounts payable. ABC declared and paid a $200 dividend to the stockholders On December 31 ABC had accrued salaries of $4,000. What is the amount of retained earnings that will be shown on the balance sheet prepared at the end of Year 2?

ABC Company ended Year 1 with the following account balances…

ABC Company ended Year 1 with the following account balances: Cash $600, Common Stock $400, and Retained Earnings $200. The following transactions occurred during Year 2: Issued common stock for $19,000 cash. ABC borrowed an additional $11,000 from Chris Bank. ABC earned $9,000 of revenue on account. ABC incurred $4,000 of operating expenses on account. Cash collections of accounts receivables were $6,000. ABC provided additional services to customers for $1,000 cash. ABC purchased land for $14,000. ABC used $3,000 in cash to make a partial payment on its accounts payable. ABC declared and paid a $200 dividend to the stockholders On December 31 ABC had accrued salaries of $4,000. What is the net cash flow from operating activities shown on the statement of cash flows for the year ending December 31, Year 2?