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Cash Flow Statement On Your Own #1 Complete the Cash Flow Statement for Bob's Bikes for June 2015. Hint, COGS explains the change in inventory
Cash Flow Statement On Your Own #1 Complete the Cash Flow Statement for Bob's Bikes for June 2015. Hint, COGS explains the change in inventory completely - there were no inventory purchases. However, there was an increase to AP - that was from the purchase of Supplies. You will have to understand those four accounts at the same time to determine if there is any cash effect (Supplies, Inventory, COGS, and AP). Balance Sheet for Bob's Bikes, Inc. as of June 30, 2015 Total Assets Accum. Dep. BV PPE tal Assets Assets Cash Prepaid Rent Inventory Accounts Receivable Supplies Land Equipment Accum. Dep. BV PPE Balance Sheet for Bob's Bikes, Inc. as of May 31, 2015 Assets Cash Prepaid Rent Inventory Accounts Receivable Equipment 25,000 100 25,000 200 104,000 4,000 233,500 24,900 382,400 8,000 30,000 24,800 404,300 08,000 5,000 243,500 1,000 Liabilities Loan AP Interest Payable Total Liabilities OE Common Stock RE Total OE Total Liabilities + OE Liabilities Loan AP Interest Payable Total Liabilities OE Common Stock RE
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