Indicate in general journal form how the items below would be entered in a worksheet for the preparation of the statement of cash flows. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.) (a)   Net income is $319,000. (b)   Cash dividends declared and paid totaled $132,000. (c)   Equipment was purchased for $123,000. (d)   Equipment that originally cost $39,000 and had accumulated depreciation of $31,200 was sold for $9,300.

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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?

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i did most part, not sure if its correct. how do i find the cash at the begining of the year? i got $ -5500 as net decraese in cash

Select all that apply Grey Company earned $5,000 of revenue on account during Year 1, but collected the cash associated with the receivables in Year 2. Based on this information alone, under accrual accounting, the company will report revenue of. $5,000 and cash inflow from operations of zero in Year 2 $5,000 and cash inflow from operations of zero in Year 1 zero and cash inflow from operations of $5,000 in Year 2 zero and cash inflow from operations of $5,000 in Year 1

The controller of Newstrom Software, Inc., provides the following information as the basis for a statement of cash flows: Cash collected from customers $785,400   Income taxes paid $58,300 Cash paid for interest 22,100   Payment of dividends 35,000 Cash paid to employees and other suppliers of goods and services 221,750   Principal payments on mortgage payable 60,000 Cash paid to suppliers of merchandise 395,540   Principal payments on long-term debt 22,000 Cash received from the issuance of long-term debt 40,000   Proceeds from the issuance of common stock 85,000 Cash received from disposal of equipment 42,500   Purchase of equipment 120,000 Cash received from sale of long-term investments 71,400   Purchase of long-term investments 75,800 I am having trouble classifying what goes into what category (Operating, Investing, or Financing) for the cash flows and so I wanted to ask about this question while I do it. Use a minus sign to indicate any cash outflows: 1.  Using…

Below is a list of independent transactions. For each transaction, identify which section of the statement of cash flows it is to be reported and indicate if it is a cash in-flow (a positive number) or cash out-flow (negative number). (Hint: recall the use of the accounting equation A=L+E to help determine if an amount is a positive or negative number.)  Description  Section  Amount  Issue of bonds payable of $500 cash      Sale of land and building of $60,000 cash      Retirement of bonds payable of $20,000 cash      Current portion of long-term debt changed from $56,000 to $50,000      Repurchase of company's own shares of $120,000 cash      Issuance of common shares of $80,000 cash      Payment of cash dividend of $25,000 recorded to retained earnings      Purchase of land of $60,000 cash and a $100,000 note      Cash dividends received from a trading investment of $5,000      Interest income received in cash from an investment of…

The accounting records of MVD Sales, Inc. include the following accounts: (Click the icon to view the accounts.) Compute MVD's net cash provided by (used for) operating activities during July 2016. Use the indirect method. (Use parentheses or a minus sign for numbers to be subtracted and to show net cash used for operating activities. If a box is not used in the table leave the box empty; do not select a label or enter a zero.) MVD Sales, Inc. Statement of Cash Flows (Partial) For the Month Ended July 2016 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Net Cash Provided by (Used for) Operating Activities Account Cash Accounts Receivable Merchandise Inventory Accounts Payable Beginning Balance $ 5,500 19,000 17,000 13,000 Accumulated Depreciation- Equipment 50,000 Jul. 1 3,000 Depr. Exp. 53,000 Jul. 31 Dividends Ending Balance $ 3,500 15,500 21,000 17,500 Retained Earnings 20,000 65,000 Jul. 1…