Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. what is total current assets on this companys balance sheet? 2.what is total current liabilities on this companys balance sheet 3. What is total

1. what is total current assets on this companys balance sheet?
2.what is total current liabilities on this companys balance sheet
3. What is total cash flow from investing activities on this companys's statement of cash flows ?
4. what is total cash flow from operating activities on this companys statement of cash flows?
5. what is total cash flow from financing activities on this companys statement of cash flows?
image text in transcribed
\begin{tabular}{|l|r} \multicolumn{1}{c}{ Account Name } & Amount \\ \hline Income tax expense & $12,380 \\ \hline Cash (beginning of year) & 39,910 \\ \hline Purchase of intangibles & 1,560 \\ \hline Website design & 1,500 \\ \hline Supplies expense & 1,375 \\ \hline Supplies & 3,150 \\ \hline Payment of dividends & 7,000 \\ \hline Service revenue & 79,480 \\ \hline Cash received from debt & 25,000 \\ \hline Dividends & 7,000 \\ \hline Payments to suppliers & 56,925 \\ \hline Retained earnings (beginning of year) & 28,365 \\ \hline Bank loan payable, due in 2025 & 25,000 \\ \hline Website expense & 1,000 \\ \hline Advertising expense & 1,750 \\ \hline Owners' capital & 17,500 \\ \hline Prepaid insurance & 1,800 \\ \hline Contributions by owners & 8,500 \\ \hline Business licence & 60 \\ \hline Insurance expense & 3,600 \\ \hline Interest expense & 1,800 \\ \hline Accounts receivable & 52,375 \\ \hline Prepaid expenses & 2,700 \\ \hline Income tax payable & 2,775 \\ \hline Deferred revenue & 2,450 \\ \hline Collections from customers & 58,450 \\ \hline Accounts payable & 33,845 \\ \hline Cash (end of year) & 66,375 \\ \hline Salaries expense & 32,550 \\ \hline \end{tabular}

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Knowledge Audit Its Learning Lessons

Authors: Ajit Kumar

1st Edition

3659494836, 978-3659494833

More Books

Students also viewed these Accounting questions