ACCT 212 Spring 2019 Homework: CH 13 HW Score: 0 of 6 pts E13-12A (similar to) 2 of 5 (1 complete) The comparative balanoe sheet for Mosaic Travel Services, Inc, for December 31, 2017 and 2016, is as follows: EE(Click the loon to view the comparative balanoe sheet.) The following information is taken from the records of Mosaic Travel Services, Inc.: (Click the loon to view the transaction datan.) Mosaic Travel Services, Inc., uses the indirect method for preparing the statement of cash flows. Prepare the operating section of the statement outflow) Mosaic Travel Services, Inc. Statement of Cash Flows Operating Activities Section (Indirect Method) For the Year Ended December 31, 2017 Operating Activities: Net income Adjustments to reconcile net income to cash basis 30,000 Net cash provided by (used for) operating activities Choose from any Ist or enter any number in the input fields and then click Check Answer Clear All MacBook Air 20 esc 8 4 Mosaic Travel Services, Inc. Comparative Balance Sheets December 31, 2017 and 2016 Assets parenthese 2017 2016 Current assets Cash Accounts receivable Inventory Prepaid insurance $ 15,000 $ 12,000 77,000 81,000 56,000 23,000 8,000 13,000 s 156,000 s 129,000 Total current assets $ 106,000 $ 122,000 77.000 53,000 (16.000)(9,000) $ 323,000$ 295,000 Land Equipment Less: Accumulated depreciation Total assets Liabilities Current liabilities Done Print then F9 F7 F6 FS F4 lows. Prepare the operating section of the statement of cash flows f 1 Transactions a. Land was sold for $12,700 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 $30,000. f. Cash dividends paid during the year were $7,000. Print Done ACCT 212 Spring 2019 Homework: CH 13 HW Score: 0 of 6 pts E13-12A (similar to) 2 of 5 (1 complete) The comparative balanoe sheet for Mosaic Travel Services, Inc, for December 31, 2017 and 2016, is as follows: EE(Click the loon to view the comparative balanoe sheet.) The following information is taken from the records of Mosaic Travel Services, Inc.: (Click the loon to view the transaction datan.) Mosaic Travel Services, Inc., uses the indirect method for preparing the statement of cash flows. Prepare the operating section of the statement outflow) Mosaic Travel Services, Inc. Statement of Cash Flows Operating Activities Section (Indirect Method) For the Year Ended December 31, 2017 Operating Activities: Net income Adjustments to reconcile net income to cash basis 30,000 Net cash provided by (used for) operating activities Choose from any Ist or enter any number in the input fields and then click Check Answer Clear All MacBook Air 20 esc 8 4 Mosaic Travel Services, Inc. Comparative Balance Sheets December 31, 2017 and 2016 Assets parenthese 2017 2016 Current assets Cash Accounts receivable Inventory Prepaid insurance $ 15,000 $ 12,000 77,000 81,000 56,000 23,000 8,000 13,000 s 156,000 s 129,000 Total current assets $ 106,000 $ 122,000 77.000 53,000 (16.000)(9,000) $ 323,000$ 295,000 Land Equipment Less: Accumulated depreciation Total assets Liabilities Current liabilities Done Print then F9 F7 F6 FS F4 lows. Prepare the operating section of the statement of cash flows f 1 Transactions a. Land was sold for $12,700 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 $30,000. f. Cash dividends paid during the year were $7,000. Print Done
