ACCT Assignment 2

1. Using the following integrated financial statement framework, record each adjustment to the appropriate accounts, identifying each adjustment by its letter. After all adjustments are recorded, determine the balances.

2. Prepare an income statement and retained earnings statement for the year ended December 31, 2013. The retained earnings balance as of January 1, 2013, was $101,500.

3. Prepare a classified balance sheet as of December 31, 2013.

4. Prepare a statement of cash flows for the year ended December 31, 2013.

(Warren 125)

Warren, Carl S. Survey of Accounting, 6th Edition. Cengage Learning, 02/2012. VitalBook file.