Question
can someone show me how to create a cash flow statement with this please Create a Cashflow statement using the following below: Jan-Feb Net Income
can someone show me how to create a cash flow statement with this please
Create a Cashflow statement using the following below:
Jan-Feb
Net Income 57000
Depreciation 20000
Purchased fixed assets paying cash 310000
Received $90,000 cash for issuance of notes payable 90000
Received $120,000 cash for issuance of common stock 120000
Paid $20,000 for purchase of treasury stock 20000
Ending cash balance 50000
Class Start Date Jan-Feb
Assets 2017 2016
Current assets:
Cash 50000 20000
Accounts receivable 75000 85000
Inventory 100000 80000
Long-term assets
Plant assets 430000 120000
Accumulated depreciation 12000 9000
Total Assets 667000 314000
Liabilities
Current liabilities
Accounts payable 32000 20000
Accrued liabilities 86000 15000
Long-term liabilities
Notes payable 90000 0
Total liabilities 208000 35000
Stockholders equity
Common stock 220000 100000
Retained earnings 219000 179000
Treasury stock 20000 0
Total stockholders equity 459000 279000
Total stockholders equity and liabilities667000 314000
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