Analyze and journalize these transactions.  James Mead invested in a new company. The investments were: Cash - $25000.00 Inventory – $1,000.00 Accounts Payable - $1,000.00 Bought inventory for $353.00 paid with cheque Paid rent for store $800.00 paid with cheque Sold to A. Hanna on account $228.50 Bought inventory on account $1,700.00

On July 31st of the current year Bridges Industries issued $80,000 of bonds payable. The $80,000 was used to purchase $30,000 of equipment and $50,000 to purchase stock in another company. How will these transactions be reported in the statement of cash flows? Operating Section Investing Section Financing Section   A.  $50,000 use $30,000 use $80,000 source B.  $0 $30,000 use/$50,000 use $80,000 source C.  $0 $30,000 use $80,000 source/$50,000 use D.  $0 $30,000 use $80,000 source/$50,000 use

1. Prepare a Classified Statement of Assets & Liabilities as at 30th June 2023 Cash receipts and payments for the year ended 30th June 2023: Cash Receipts: Subscriptions 11,000 Bar sales Hire of function room $ Bank Bar inventory 30,000 5,300 Assets & Liabilities as at $46,300 Subscription in arrears Subscription in advance Bar equipment - at cost Accumulated depreciation bar equipment Bank Loan (Due 30/6/17) Accounts payable (bar) Accrued bar wages Prepaid rent expense Cash Payments: Bar purchases 12,000 Payments to accounts payable Telephone Insurance Cleaner's wages Electricity Bar wages Bank Loan interest Rent paid 1 July 2022 15,000 2,600 220 800 35,000 5,000 16,000 1,000 O 0 $ ? 6,000 900 1,200 1,500 800 5,000 2,900 10,000 $40,300 30 June 2023 2,400 880 270 35,000 6,000 16,000 2,000 100 500

2. Information: Prepaid insurance Accrued salaries Petty cash Investment in trading securities Total current assets Cash 200 150 1,200 4,560 600 Inventory, at sales value (cost = S1,500) 2,100 Unearned rent 40 Allowance for bad debts 150 Office supplies Accounts receivable 110 800 Required: Prepare the current asset section of the balance sheet. to

eBook Calculator Print Item Effect of Transactions on Cash Flows State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows: a. Retired $190,000 of bonds, on which there was $1,900 of unamortized discount, for $198,000. b. Sold 7,000 shares of $20 par common stock for $41 per share. c. Sold equipment with a book value of $62,500 for $90,000. d. Purchased land for $528,000 cash. e. Purchased a building by paying $84,000 cash and issuing a $110,000 mortgage note payable. f. Sold a new issue of $260,000 of bonds at 97. g. Purchased 5,700 shares of $20 par common stock as treasury stock at $37 per share. h. Paid dividends of $1.80 per share. There were 27,0000 shares issued and 4,000 shares of treasury stock. Effect Amount a. C. d. h. Check My Work 3 more Check My Work uses remaining. ( Previous Next %24 %24

Only typed answer  Refer to the accompanying table of information for the Moolah Bank. Assume that the listed amounts constitute this bank's complete set of accounts. Moolah's   Multiple Choice   assets are $1,100.   liabilities are $1,100.   net worth is $300.   profit is $1,000.