Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

تمرين 42

The balance sheet items for Franklin Bakery (arranged in alphabetical order) were as follows at August 1, 2015.You are to compute the missing figure for Retained Earnings.)

During the next two days, the following transactions occurred:

Instructions
a.repare a balance sheet at August 1, 2015.
b.repare a balance sheet at August 3, 2015, and a statement of cash flows for August 1-3.lassify the payment of accounts payable and the purchase of supplies as operating activities.
c.ssume the notes payable do not come due for several years.s Franklin Bakery in a stronger financial position on August 1 or on August 3 Explain briefly.