Prepare reconstruct journal entries for additional

Question

1. Complete the worksheet by copying each 12/31/15 balance to the appropriate financial statement column in the rest of the worksheet, and then showing net income in the proper places in the income statement and balance sheet sections of the worksheets.

2. Prepare (reconstruct) journal entries for additional information items numbered 2, 3 and 4, which will help you construct the statement of cash flows. Also prepare a reconciliation of the company's equipment account (beginning balance + purchases - sales at cost = ending balance) for the same reason. If you decide to prepare (reconstruct) any other transactions as journal entries, please provide them as well.

Attachment:- Worksheet.xlsx

Answer 1

The given project which is illustrating to income statement and balance sheet sections 1. Complete the worksheet via copying each 12/31/15 balance to the suitable financial statement column in the rest of the worksheet, and then illustrating net income in the proper places in the income statement and balance sheet sections of the worksheets. 2. Get ready (reconstruct) journal entries for supplementary information items numbered 2, 3 and 4, which will assist you, construct the statement of cash flows. As well prepare a reconciliation of the company's equipment account (beginning balance + purchases - sales at cost = ending balance) for the same reason. If you choose to prepare (reconstruct) any other transactions as journal entries, please give them as well.