can you help me fill out the statement of cash flows based on the chart Do you intend to major in one of the College of Business and Economic's majors?YesAssetsLiabilitiesShareholders' EquityDiagnostic CheckAmountAccountAmountAccountAmountAccountA LSE87,466 Cash5,750 Inventory138,000 Equipment(1,150) Accumulated Depreciation34,500 Inventory3,450 Prepaid Insurance(3,450) Cash$ 111,000 Notes Payable555 Interest Payable$ 116,000 Stock2,511 Retained EarningsBalance Sheet at April 30: $Amounts in US $During May, Its second month of business, Karry no Key, Inc.:Per UnitTotalPurchased 300 karaoke machines on accountPaid for six months ofinsurance in advance; coverage that begins May1115.00 S5/134,50034,500 Accounts PayableTrue5/13,450TrueDuringSold 320 karaoke machines on account:MayRecord the sale161.0051,520 Sales Revenue51,520 Accounts Receivable(36,800) Inventory46,368 Cash(46,368) Accounts Receivable(20,700) Cash(1,130) Cash(575) Prepaid Insurance(1,150) Accumulated DepreciationRecord the cost of the sale115.00(36,800) Cost of Goods SoldTrueDuringCollected cash from customers from sales made on account46,368MayTrue5/31Paid for inventory purchased on account20,700(20,700) Accounts PayableTrue5/31 Declared and paid cash dividend to its shareholders1920(1,130) Dividends(575) Insurance Expense(1,150) Depreciation Expense(1,554) Wages Expense(555) Interest Expense1,130TrueAdjusted for insurance used during the monthAdjusted for depreciation on equipment (hint: refer to P1 for estimated life of equipment)Adjusted for wages owed that will be paid in the first week of JuneAdjusted for interest owed on the 6%, 3-month bank loan; interest and principal due on June 30A1TrueA2True21A31,554 Wages Payable555 Interest Payable1,554True22A4555True23Column Totals255,731127,464128,267True2425Chart of Accounts:26Accounts Payable27Accounts Receivable28Accumulated Depreciation29Cash30Cost of Goods Sold31Depreciation Expense32Dividends33Equipment34Insurance ExpenseInstructionsA JournalA StatementsReady曲四100%717273 Drop Down List:A JournalA Statements+Ready31stvMacBook Air80888DIIescFIF3F4F7FBF9F10F12@%23$&2346789deleteU{WERYP%3DGHK (1,130)| =Journan/a26 Dividends27 Ending Retained Earningsn/a2829 Total Shareholders' Equity3031Karry no Key, Inc.32Statement of Cash Flows33For the Month Ended May 313435 Cash from Operating Activities:n/an/an/an/a3637 Cash Paid for Inventory38 Cash Paid for Insurance39 Total Cash from Operating Activities40n/a41 Cash from Investing Activities4243 Cash from Financing Activities44 Cash Paid for Dividends45 Net Cash from Financing Activities(1,130) =Journal.(1,130) =SUM(B44647n/a48 Plus Beginning Cash Balance49 Ending Cash Balancen/an/a505152 ***When preparing your Balance Sheet, do not forget your beginning balances!53Karry no Key, Inc.54Balance Sheet55May 3156n/an/an/a57 Accounts Receivable58 Inventory59 Prepaid Insurance60n/an/aInstructionsJournalA StatementsReady3233Karrv noA Journal

Answered: can you help me fill out the statement…

Business

Accounting

can you help me fill out the statement of cash flows based on the chart

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Using the stylized balance sheet below, please 1) finish the balance sheet, and 2) use that information to answer the following question, entering your answer in the place provided. Avg. Interest Avg. Amount Amount Interest Demand Vault Cash $577 $5,650 Deposits US Treas. Savings 4.85% 2,139 1.99% 6,622 Securities Deposits W Consumer/Bus. 6.94% 15,835 CD's 4.76% ???? Loans Mortgage 7.54% 10,410 Borrowings 4.34% 2,766 Loans Property Equipment Total Assets 740 Equity Total Liab.& ???? Equity 2,741 ???? What is the net interest margin the this bank? (Please enter the answer without the % sign - so for instance is the answer is 5.67%, then enter just 5.67)
Use the following table: Case X Case Y Case Z Cash $ 940 $ 1,470 $ 1,940 Short-term investments 0 0 780 Receivables 0 1,690 1,360 Inventory 3,400 1,560 6,520 Prepaid expenses 2,600 1,020 1,460 Total current assets $ 6,940 $ 5,740 $ 12,060 Current liabilities $ 3,600 $ 1,800 $ 5,750 Required:Calculate the quick ratio in each of the above cases and select the case which is in the best position to meet short-term obligations most easily. (Round your answers to 2 decimal places.)
Using the stylized balance sheet below, please 1) finish the balance sheet, and 2) use that information to answer the following question, entering your answer in the place provided. Avg. Avg. Amount Amount Interest Interest Demand Vault Cash $1,573 $1,123 Deposits US Treas. Savings 3.43% 2,212 3.02% 8,497 Securities Deposits Consumer/Bus. 8.23% 15,315 CD's 3.54% ???? Loans Mortgage 6.82% 8,719 Borrowings 3.10% 2,747 Loans Property 2,032 Equity 3,423 Equipment Total Liab.& Total Assets ???? ???? Equity What is the net interest income the this bank? (Please enter the answer to the nearest penny!) ed 39,211.64 ver 1,091.41 margin of error +/- 1
Name of the Amount Name of the Amount Account Account Purchases Bank loan Bills payables Stock Capital 200,000 180,000 Sales 300,000 400,000 200,000 100,000 70,000 250,000 Debtors Bank With the information provided prepare trial balance of Bonze trading for the year 2021.
Revenue R100 000, Debtors (opening R50 000, closing R110 000), Calculate Cash Receipts from Customers. Select one: a. R60 000 b. R40 000 c. R110 000 d. R100 000
Checking account $750 Automabile (ourent vale) S,950 House (ourrent value) $92,500 Savings account Investments $1,350 $4.000 $107,550 Total Assets Liabilities Credit card debt $3,800 $15,750 Student loans Personal loans $975 Total Liabilities $20,525 Besed on the information in the table, what is Emily's net worth? OA S107,550 OB S7,025 .C. s20,525
Instruction: Write the solution of the problems below (in good form): Problem 1. The ledger of COVID19 Co. as of December 31, 2019 includes the following: Assets 10,000 Trade accounts receivable (net of P10,000 credit balance in accounts) 40,000 80,000 30,000 70,000 60,000 10,000 12,000 36,000 46,000 38,000 100,000 28,000 Cash Held for trading securities Financial assets designated at FVPL Investment in equity securities at FVOCI Investment in bonds measured at amortized cost (due in 3 years) Prepaid assets Deferred tax asset (expected to reverse in 2020) Investment in Associate Investment property Sinking fund Property, plant, and equipment Goodwill Totals 560,000 How much is the total current assets?
A moodle1.du.edu.om/mod/quiz/attempt.php?attempt33424918&cmid%3D226542 w Tab Google Translate DU - Moodle English (en) - 1. Deprecation 20000 2. Net income 75000 of The following accounts increased during 2020: Accounts receivable 18000 tion Loan 45000 Bonds 32000 Prepaid expenses 15000 Building 28000 The cash flow from investing activities are Select one: O a. The correct answer not available Ob. 28000 O c. (77000) O d. 77000 O e. (28000) Windosb ENG A 40) A
information to answer question 5. Cash R10 000 Accounts receivable(debtors control) R30 000 Inventory R80 000 Prepaid insurance R 6 000 Fixed assets R200 000 Accounts payable (creditors control) R30 000 Income received in advance R25 000 Wages payables R5 000 Long-term liabilities R70 000 Capital R196 000 Calculate the acid test ratio. A. 0.83:1 B. 1:1 C. 1.3:1 D. 0.76:1
13.Surekha 's trial balance was as follows. Trial Balance for the year ended 31st March, 2008 Debit Balances Amt? Credit Balances Amt 1,50,000 By Provident Fund 10,000 By Interest on Provident 50,000 fund Investment 15,500 By Purchase return 10,000 By Sundry Creditors 5,800 By Sales 7,200 By Capital 17,500 300 To Purchases 11,000 To Sales return To Sundry Debtors To Opening Stock To Salaries 500 10,000 20,000 2,06,300 50,000 To Wages To Furniture To Machinery To Bad debts To Advertisement(for 3 years from 1" Oct.,2007) 3,000 10,000 1,000 3,000 4,500 10,000 2,97,800 To 10% Provident Fund Investment To Provident Fund contribution To Insurance To Drawings: To Deferred Revenue expenses 2,97,800 Adjustments : 1.Closing stock on 31* March 2008 -Cost price ? 70,000 2.Depreciate - Machinery by 10% and Furniture by 20% 3.Goods worth 78,000 sold by 25% profit on keep or return scheme. 4.Outstanding expenses – Wages 2,000; Salaries 35,000 5.Write off 1,000 as bad debts and provide reserve for…
e 2018 Cash Co X+ com/quiz/28465383 press Lazada a Agoda.com e Quiz | Edmodo Department of Edu. e Classes | Ec Question 1 5 points You are a financial Manager of Chevron Corp. You need to assess the effectiveness of working capital management of the company for 2018 using the following data. What is t 2018 Receivable turnover? 2017 Account Receivable = 15 3o00 2018 Account Receivable = 15.050,00 2017 Inventory =5585.000 2018 Inventory = 5.704.000 2017 ACcounts Payable = 14.565:.000 2018 Accounts Payable = 10 952 0 2017 Sales = 134,674,000 2018 Sales = 158 902.000 2017 Cost of Saies = 95, 114 CUD 2018 Cost of Sales = 110 997 000 2017 PUtchases = 96 114000 2018 Purchases 123 435 000 10 17 f8 f6
SCORE: SECTION: PROFESSOR: Problem #21 Preparation of Financial Statements 2019: Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment Allowance for Uncollectible Accounts Cash Calamba, Capital Calamba, Drawing Equipment Transportation In General Expenses (control) Interest Expense Merchandise Inventory, December 31 Notes Payable Prepaid Insurance P 677,820 545,070 462,870 18,790 132,310 612,000 326,400 753,150 224,880 149,390 35,000 1,320,420 299,000 7,350 5,407,160 43,050 259,600 499,600 Purchases Purchases Discounts Purchases Returns and Allowances Santiago, Capital Santiago, Drawing Sales Sales Returns and Allowances 244,800 7,155,000 375,750 385,880 Selling Expenses (control) There were no changes in the partners' Capital accounts during the year. The merchandise inventory at the beginning of the year was P1,440,590. The partnership agreement provides for salary allowances of P330,000 for Calamba and P290,000 for Santiago. It also stipulates an interest allowance…