1 of 3 (0 complete) Balance Sheet - X Dream Big Travel Services, Inc. Comparative Balance Sheets December 31, 2017 and 2016 Assets 2017 2016 Current assets: Cash Accounts receivable Inventory Prepaid insurance Total current assets $ 42,000 $ 20,000 79,000 87,000 59,000 22,000 9,000 14,000 $ 189,000 $ 143,000 Land Equipment Less: Accumulated depreciation $ 101,000 $ 114,000 84,000 53,000 (20,000) (15,000) $ 354,000 $ 295,000 Total assets Print Done GTA V ? 1 SA * Balance Sheet Less: Accumulated depreciation (20,000) (15,000) $ 354,000 $ 295,000 Total assets $ Liabilities Current liabilities: Accounts payable Wages payable Interest payable Income taxes payable Total current liabilities 30,000 $31.000 30,000 28,000 11,000 10,000 13,000 10,000 $ 84,000 $ 79,000 95,000 88,000 Notes payable (long-term) Total liabilities $ 179,000 $ 167,000 Stockholders' equity Common stock Retained earnings Total stockholders' equity $ 138,000 $ 121,000 37,000 7,000 $ 175,000 $ 128,000 Total liabilities and equity $ 354,000 $ 295,000 Print Done Clear All 016, is as follows: Us. Prepare the operating section of the statement of cash flows for 2017. (Use p i Transactions a. Land was sold for $9.900. b. Equipment was purchased for cash. c. There were no disposals of equipment during the year. d. The common stock was issued for cash. e. Net income for 2017 was $39,000. f. Cash dividends paid during the year were $9,000. Print Done The comparativo balance sheet foran Belderon, Inc. tor December 31, 2017 and 2016. aastal Click then to view the comparabance sheet following information is taken from the records of Dream Big Travel Services, Ine Click the icon to view the nation) Dream Big Travel Services, Inc. uses the Indirect method for preparing the statement of cash down. Prepare the operating on the roman om ter 2017 sete Dream Big Travel Services, Inc. Statement of Cash Flows Operating Activities Section indirect Method) For the Year Ended December 31, 2017 Operating Activities Adjustments to content income to cash basis Netcash provided by used for) operating activities core: 0 of 16 pts 13-22B (similar to) The comparative balance sheet for Dream Big Travel Services, Inc., for December 31, 2017 and 2016, is a (Click the icon to view the comparative balance sheet.) The following information is taken from the records of Dream Big Travel Services, Inc.: (Click the icon to view the transaction data.) Dream Big Travel Services, Inc., uses the Indirect method for preparing the statement of cash flows. Prepan Dream Big Travel Services, Inc. Statement of Cash Flows-Operating Activities Section (Indirect Method) For the Year Ended December 31, 2017 Operating Activities: Cash used to purchase equipment Decrease in accounts payable Decrease in accounts receivable Decrease in income taxes payable Decrease in interest payable Decrease in inventory Decrease in prepaid insurance Decrease in wages payable Depreciation expense Dividends paid Increase in accounts payable Increase in accounts receivable Increase in income taxes payable Increase in interest payable Increase in inventory Increase in prepaid insurance Ch Increase in wages payable Issuance of stock for cash All loss on sale of land and then click Check Answer. 24 E13-22B (similar to) The comparative balance sheet for Dream Big Travel Services, Inc., for Decembe (Click the icon to view the comparative balance sheet.) The following information is taken from the records of Dream Big Travel Services, (Click the icon to view the transaction data.) Dream Big Travel Services, Inc., uses the indirect method for preparing the statem Dream Big Travel Services, Inc. Statement of Cash Flows-Operating Activities Section (Indirect Me For the Year Ended December 31, 2017 Operating Activities: Adjustments to reconcile net income to cash basis: Cash used to purchase equipment Decrease in accounts payable Decrease in accounts receivable Decrease in income taxes payable Decrease in interest payable Decrease in inventory Decrease in prepaid insurance Decrease in wages payable Depreciation expense Dividends paid Increase in accounts payable Increase in accounts receivable Increase in income taxes payable Increase in interest payable Ch Increase in Inventory All Increase in prepaid Insurance Increase in wages payable and then click Check A Dream Big Travel Services, Inc. Comparative Balance Sheets December 31, 2017 and 2016 Assets 2017 2016 Current assets: $ Cash Accounts receivable Inventory Prepaid insurance Total current assets 42,000 $ 20,000 79,000 87,000 59,000 22,000 9,000 14,000 $ 189,000 $ 143,000 Land Equipment Less: Accumulated depreciation Total assets $ 101,000 $ 114,000 84,000 53,000 (20,000) (15,000) $ 354,000 S 295,000 $ Liabilities Current liabilities: Accounts payable Wages payable Interest payable Income taxes payable Total current liabilities 30,000 $ 31,000 30,000 28,000 11,000 10,000 13,000 10.000 $ 84.000 $ 79,000 95.000 88,000 Notes payable (long-term) Total liabilities $ 179,000 $ 167,000 Stockholders' equity Common stock $ 138,000 $ 121,000 37,000 7,000 Retained earnings $ 175.000 S 128.000 Total stockholders' equity $ 354,000 S 295.000 Total liabilities and equity Print Done