following is selected financial information for boardwalk for the year ended decembe 643242
1. Following is selected financial information for Boardwalk for the year ended December 31, 2011.
B. Walk, Capital, Dec. 31, 2011. |
$15,000 |
B. Walk,Withdrawals |
$2,000 |
Net income |
9,000 |
B. Walk, Capital, Dec. 31, 2010 |
8,000 |
Required
Prepare the 2011 statement of owner’s equity for Boardwalk.
2. Following is selected financial information of Trimark for the year ended December 31, 2011.
Cash used by investing activities |
$(3,000) |
Net increase in cash |
200 |
Cash used by financing activities |
(3,800) |
Cash from operating activities |
7,000 |
Cash, December 31, 2010 |
3,300 |
Required
Prepare the 2011 statement of cash flows for Trimark Company.