Date 3/May Cash Supplies Share Capital (a) 4/May Cash General Journal Account/Explanation Supplies (b) 8/May Supplies Cash (c) 12/May Supplies Accounts Payable (d) 17/May Cash Rent Earned (e) F Debit 20,000 5,000 2,400 500 800 800 Page GJ6 Credit 25,000 2,400 500 800 800
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Post these transactions from each General Journal into the General Ledger accounts.
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- 1919m2LSFAJxzbwov4D68iWUmoFzSg/formResponse?pli=1 1. The following item would be classified as an investing activity on the statement of cash flows: * O A) Payments for inventory. O B) Acquisitions of equipment. O C) Proceeds from borrowing. O D) Payments on loans. O E) None of the above. 2. Common-size income statement prepared when: O A) Each income statement item is expressed as a percentage of total assets. O B) Each income statement item is expressed as a percentage of net sales. O C) Each income statement item is expressed as a percentage of net income. D) Each income statement item is expressed as a percentage of cash flow O E) None of the above 9:59 AM eD 40 ENG 22-Dec-2021 M TOSHIR O O O OOMr. Matagumpay gave to his accountant the following data for the year ended December 31, 2019. P 385,000 175.000 P 210,000 (5,000) (95.000) P110,000 Other Information: Accounts Receivable, 2018 Accounts Receivable, 2019 Accounts Payable, 2018 Accounts Payable, 2019 Inventory Sales Cost of Goods Sold Gross Profit Depreciation Expense Operating Expenses Net Income P 75,000 90,000 45,000 55.000 50,000EZ CASH FLOW CASH ACCOUNTS PAYABLE JOHNSON CAPITAL CASH 82.000 F 100.000 20.000 I 4.000 3.000 100.000 АСCTSREC 15.000 15.000 10.000 O 10.000 106.000 9.000 EQUIP 3.000 F 6.000 ACC DEPR 82.000 ACCTSPAY 6.000 EXPENSES REVENUE J CAP ACCOUNTS RECEIVABLE CLOSING: 20.000 20.000 3.000 30.000 REV 27.000 15.000 REVENUE 30.000 EXP EXPENSES 20.000 27.000 DEPR EXP 15.000 DEPR EXPENSE 1.000 82.000 48.000 J CAPITAL 9.000 DEPRECIATION EXPENSE EQUIPMENT 1.000 1.000 20.000 20.000 Note: enter the drawing as a debit to the capital account. There are three types of cash flows: ACCUM. DEPR EQ. 1 OPERATING: cash flows from revenues and expenses. 1.000 1.000 2 INVESTINIG: cash flows from purchasing or selling assets. 3 FINANCING: cash flows from owner's investment or withdrawals. CASH FLOW STATEMENT TRANSACTIONS-Using your pencil, write each debit and credit into the T-accounts above. Cash Flows from Operations 1 Sally Johnson invested $100,000 in her business, Sally's Consulting. 2 Sally purchased equipment…
- O A https://prod.reader-ui.prod.mheducation.com/epub/sn_710f1/data-uuid-be8dbaUcb8ea w -> Aa く > 三 P20-2 Cash flow statement under indirect method (L LO 20-1, L LO 20-2, LO 20-3, E LO 20-4) The Barden Corporation's comparative balance sheets for 20X1 and 20X0 are presented below. Barden Corporation Table Summary: Row 1 is a header and spans columns 2 and 3. Rows 3, 12, and 17 are subheaders and contain data only in column 1. Balance Sheets December 31, Increase (Decrease) Assets Cash $ 337,000 $246,000 Accounts receivable, net 420,000 280,000 140,000 Marketable securities 0000 -0- Inventories Land 650,000 250,000 Plant and equipment 1,160,000 1,266,000 (106,000) Less: Accumulated depreciation (200,000) Total assets $2,922,000 $2,432,000 $ 490,000 Liabilities and Stockholders' Equity Liabilities: Accounts payable 000 099 $ $ 500,000 $160,000 Accrued wages 520,000 Long-term bonds (due 7/1/20X8) 260,000 360,000 Total liabilities 1,460,000 1,380,000 80,000 Stockholders' equity: Common…11 Compute Cash Flow from Operating Activities from the following details: Particulars Trade Receivables: Debtors CA Bills Receivable CA Trade Payables: Creditors CL Bills Payable CL L Expenses Outstanding Accrued Income CAT Depreciation on Fixed Assets No + Surplus, i.e., Balance in Statement of Profit & Loss 31st March, 2023 (R) 50,000 23,000 28,000 22,000 4,500 9,000 5,000 90,000 31st March 2022 ) 60,000 25,000 32,000 35,000 3,500 8,000 4,000 80,000View Policies Current Attempt in Progress The following information is available for Ivanhoe Company for the year ended December 31, 2022. Beginning cash balance Accounts payable decrease Depreciation expense Accounts receivable increase Inventory increase Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable increase Cash used to purchase building Cash used to purchase treasury stock Cash received from issuing bonds Cash Flows from Operating Activities Net Income $78,750 Adjustments to reconcile net income to 6,475 Net Cash Provided by Operating Activities 283,500 14,350 19,250 497,175 61,250 21,000 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g.-15 parenthesis e.g. (15,000).) 8,225 505,750 45,500 Ivanhoe Company Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 350,000 MacBook Air
- Refer to the information for Cornett Company above. What amount should Cornett report on its statement of cash flows as net cash flows provided by investing activities? a. $(5,200) b. $55,200 c. $144,800 d. None of theseTO Culate net o check if Assets equal Liabilities I cdn.student.uae.examus.n ACCT101_FEX_2021_2_Male Purpose of the Statenment of Cash Flows: 9 క్క 18 a. To calculate net income 95abe18 e18c o check if Assets equal Liabilities b. 95abe18 С. To calculate Assets turnover 95abe18ce33 d. To know where a company spends its cash abe18ce33 95a18ce33 95abe18ce33 95abe18ce33 95abe18ce33 95abe18ce33 MacBook Pro 80 F3 000 95abe1 F4 FS 48 F6 E F7 6 & DII 7 V T F9 8A 99 Cor R. II6zOshLaGsSzvcHy9vKm0jUnAg/formResponse?pli=1 * Required Consider the following selected financial information for Aishti company. Aishti Company Income Statement For the Year Ended December 31, 2020 Aishti Company Balance Sheet For the Year Ended December 31, 2019 & 2020 2020 2019 Assets Cash Accounts Receivable Inventories $2,415 $5,040 Revenues $94.300 $5,355 $6,195 $10,290 $10,080 Less: Depreciation expense $6.825 Plant & Equipment Less: Acc. Depreciation Total Assets $22,575 ($15,960) ($9,135) S35,070 $32,970 Less: Other operating expenses 74,560 $34,755 Less: Interest Expense 3,990 Liabilities & O/E Accounts Payable Income Tax Payable Long-Term Debt Common Stock Retained Earmings Total Liabilities and 0/E $3,885 $1,260 $9,555 $11,550 $8.820 $35,070 S5,775 $2,940 $8,715 $14,175 $3,150 $34,755 Income before income taxes $9,135 Income tax expense $3.197 Net income $5,938 1. Using the indirect method of cash flow statement, what is the net dash
- PB4. LO 16.3 Use the following information from Isthmus Company's financial statements to prepare the operating activities section of the statement of cash flows (indirect method) for the year 2018. Dec. 31, 2018 Dec. 31, 2017 Cash Account Receivable Inventory Accounts Payable Salaries Payable $295,000 45,300 92,200 23,000 1,700 $259,000 48,700 91,000 26,300 1,500 Additional information: Net income 45,200 33,300 Depreciation expenseUse the following information to answer all accounting questions Category Accounts payable Accounts receivable Accruals Additional paid in capital Cash Common Stock @ par value COGS Depreciation expense Interest expense Inventories Long-term debt Net fixed assets Notes payable Operating expenses (excl. depr.) Retained earnings Sales Taxes 2020 1726 2812 705 2000 4028 170 1755 99 185 2574 8754 8312 750 799 3621 4338 450 2021 1120 2254 800 2300 175 2056 120 271 1829 8245 10254 547 1021 4021 5768 690QS 16-17 (Algo) Computing financing cash outflows LO P3 A comparative balance sheet and income statement is shown for Cruz, Incorporated. CRUZ, INCORPORATED Comparative Balance Sheets At December 31 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Furniture Accumulated depreciation-Furniture Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable ces Total current liabilities Notes payable (long-term) Total liabilities Equity 2021 2020 $ 72,900 31,300 $ 18,100 38,400 65,600 72,100 4,000 3,300 131,900 173,800 80,600 (12,500) $ 241,900 $ 11,400 93,500 (7,100) $ 218,300 $ 16,100 6,800 3,800 1,200 2,100 19,400 22,000 24,800 55,800 44,200 77,800 170,300 27,400 134,800 5,700 Total liabilities and equity $ 241,900 $ 218,300 CRUZ, INCORPORATED Income Statement Common stock, $5 par value Retained earnings For Year Ended December 31, 2021 $ 373,800 240,600 Sales Cost of goods sold Gross profit Operating expenses (excluding…