Cainey Enterprises loaned $30,000 to Small Co. on June 1, Year 1, for one year at 7 percent interest. tequired chow the effects of the following transactions in a horizontal statements model. (Enter any decreases to account alances and cash outflows with a minus sign. For changes on the Statement of Cash Flows, indicate whether he item is an operating activity (OA), investing activity (IA), or financing activity (FA). Not all cells require nput. Do not round intermediate calculations. Round your final answers to the nearest whole dollar.) (1) The loan to Small Co. (2) The adjustment at December 31, Year 1. (3) The adjustment and collection of the note on June 1, Year 2. RAINEY ENTERPRISES Horizontal Statements Model Balance Sheet

Rainey Enterprises loaned $50,000 to Small Co. on June 1, Year 1, for one year at 6 percent interest. Required Show the effects of the following transactions in a horizontal statements. In the Cash Flow column, indicate whether the item is an operating activity (OA), an investing activity (IA), or a financing activity (FA). For any element not affected by the event, leave the cell blank. (Not every cell will require entry. Do not round intermediate calculations. Enter any decreases to account balances and cash outflows with a minus sign. Round your answers to the nearest whole dollar.) (1) The loan to Small Co. (2) The adjusting entry at December 31, Year 1. (3) The adjusting entry and collection of the note on June 1, Year 2. RAINEY ENTERPRISES Horizontal Statements Model Assets Equity Income Statement Date Statement of Cash Flow Liabilities Notes Receivable Interest Retained Earnings Cash Receivable Revenue Expense Net Income 1.6/1/Y1 2. 1201/Y1 a. 6/1/Y2 (Adjusting entry) 6/1/Y2…

What is the amount of Cash Flow Provided By (Used In) Operating Activities? (Round to the nearest 2 decimal places)

XYZ Corp. is selling furniture. The comparative balance sheet and income statement are summarized below. You are also given the following additional information:(see detail as attachements) Requirement: Prepare the statement of cash flows using the indirect method for the year ended December 31, current year. Prepare the Cash Flow from Operating Activities (CFO) using the direct method. Based on the cash flow statement, write a short paragraph explaining the major sources and uses of cash by XYZ Corp during the current year.

1. Prepare the statement of cash flows using the indirect method for the year ended December 31, current year. (List cash outflows as negative amounts.) This will include operating, investing, and financing activities.

From the following information relating to Y Ltd, calculated the cash Flow from Operating Activities: Particulars Amount ($) Operating Profit before changes in Operating Assets Debtors (Decrease) Stock (Increase) Bills Payable (Decrease) Creditors (Increase) Cash at Bank(Increase) 57,500 5,000 2,000 4,500 3,200 20,000

Vernon Brands, Inc., presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from Vernon's Year 2 and Year 1 year-end balance sheets: Account Title Accounts Year 2 Year 1 $23,400 $29, 200 56,200 51,000 inventory Prepaid insurance 18,500 25, 100 Accounts payable 24,000 18,800 Salaries payable 4,950 4,050 Unearned service 650 2,850 revenue receivable Merchandise The Year 2 income statement is shown below: Income Statement Sales Cost of goods sold Gross margin Service revenue Insurance expense Salaries expense Depreciation expense Operating income Gain on sale of equipment Net income $ 604,000 (374,000) 230,000 6,000 (38,000) (153,000) Required Required A B (5,600) 39,400 5,000 $ 44,400 Required a. Prepare the operating activities section of the statement of cash flows using the direct method. b. Prepare the operating activities section of the statement of cash flows using the indirect method. Complete this question by…

Sales Cost of goods sold Depreciation Other operating expenses Income tax Loss on sale of equipment Gain on sale of investment Net earnings and comprehensive income As at December 31 Cash Accounts receivable Inventory Equipment Less: accumulated depreciation Investment Total Accounts payable Income tax payable Bonds payable Common shares Retained earnings Total $193,800 25,400 76,100 43,800 3,000 (2,300) 20X2 $ 69,300 89,600 187,700 556,300 (231, 200) 54,700 $ 726,400 $ $510,000 339,800 $170, 200 20X1 $ 55,200 102, 600 175,400 475,400 (229,100) 79,000 $ 658,500 62,000 10,000 45,700 307, 200 301,500 $ 726,400 $ 658,500 $ 104,100 7,000 307, 200 240, 200 Additional information: During the year, equipment with an original cost of $99,800 was sold for cash.

Subject :- Accounting

Some transactions that don’t increase or decrease cash must be reported inconjunction with a statement of cash flows. What activity of this type did Targetreport during each of the three years presented? What are two other such activitiesthat some companies might report?