Please do not give solution in image format thanku Cornhusker Company provides the following information at the end of 2021.Cash remainingRent expense for the yearLand that has been purchasedRetained earningsUtility expense for the yearAccounts receivable from customers.Service revenue recognized during the year.Salary expense for the yearAccounts payable to suppliersDividends paid to shareholders during the yearCommon stock that has been issued prior to 2021Salaries owed at the end of the yearInsurance expense for the yearRetained earnings at the beginning of the yearNo common stock is issued during 2021.Complete this question by entering your answers in the tabs below.$ 3,1005,30019,00010,7003,2005,50028,50011,6001,3501,50014,0001,550Required:1. Prepare the income statement for Cornhusker Company on December 31, 2021.2. Prepare the statement of stockholders' equity for Cornhusker Company on December 31, 2021.3. Prepare the balance sheet for Cornhusker Company on December 31, 2021.Required 1Required 2 Required 3Prepare the income statement for Cornhusker Company on December 31, 2021.CORNHUSKER COMPANYIncome StatementFor the year ended December 31, 2021Expenses:1,8005,600

Balance sheet is a financial statement that shows list of final ending balances of assets,…

Cornhusker Company provides the following information at the end of 2021. Cash remaining Rent expense for the year Land that has been purchased Retained earnings Utility expense for the year Accounts receivable from customers Service revenue recognized during the year Salary expense for the year Accounts payable to suppliers Dividends paid to shareholders during the year Common stock that has been issued prior to 2021 Salaries oved at the end of the year Insurance expense for the year Retained earnings at the beginning of the year Complete this question by entering your answers in the tabs below. $ 3,100 5,300 19,000 10,700 3,200 5,500 28,500 11,600 1,350 1,500 14,000 No common stock is issued during 2021. Required: 1. Prepare the income statement for Cornhusker Company on December 31, 2021. 2. Prepare the statement of stockholders' equity for Comhusker Company on December 31, 2021. 3. Prepare the balance sheet for Cornhusker Company on December 31, 2021. Expenses: Required 1 Required 2 Required 3 Prepare the income statement for Cornhusker Company on December 31, 2021. CORNHUSKER COMPANY Income Statement For the year ended December 31, 2021 1,550 1,800 5,600

Cornhusker Company provides the following information at the end of 2021. Cash remaining Rent expense for the year Land that has been purchased Retained earnings Utility expense for the year Accounts receivable from customers Service revenue recognized during the year Salary expense for the year Accounts payable to suppliers Dividends paid to shareholders during the year Common stock that has been issued prior to 2021 Salaries oved at the end of the year Insurance expense for the year Retained earnings at the beginning of the year Complete this question by entering your answers in the tabs below. $ 3,100 5,300 19,000 10,700 3,200 5,500 28,500 11,600 1,350 1,500 14,000 No common stock is issued during 2021. Required: 1. Prepare the income statement for Cornhusker Company on December 31, 2021. 2. Prepare the statement of stockholders' equity for Comhusker Company on December 31, 2021. 3. Prepare the balance sheet for Cornhusker Company on December 31, 2021. Expenses: Required 1 Required 2 Required 3 Prepare the income statement for Cornhusker Company on December 31, 2021. CORNHUSKER COMPANY Income Statement For the year ended December 31, 2021 1,550 1,800 5,600

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 9PA: Noren Company uses the balance sheet aging method to account for uncollectible debt on receivables....

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