Cash Flows From Investing Activities:

Cash Payment for Acquisition of Plant Assets

Net Cash Provided by (Used for) Investing Activities

More

Less

Choose from any list or enter any number in the input fields and then click Check Answer.

Outdoor Adventure Company
Comparative Balance Sheet
December 31, 2019 and 2018
		2019	2018
Assets
Current Assets:
	Cash	$1,398,330	$14,790
	Short-term Investments, net	29,000	0
	Accounts Receivable, net	1,600	6,300
	Merchandise Inventory	400	0
	Office Supplies	70	300
	Prepaid Rent	0	2,000
Property, Plant, and Equipment:
	Land	615,000	75,000
	Building	944,000	94,000
	Canoes	13,920	13,920
	Office Furniture and Equipment	140,000	0
	Accumulated DepreciationPP&E	(31,920)	(1,740)
Total Assets		$3,110,400	$204,570
Liabilities
Current Liabilities:
	Accounts Payable	$6,420	$4,400
	Utilities Payable	550	250
	Telephone Payable	640	290
	Wages Payable	3,700	1,200
	Notes Payable	18,000	0
	Interest Payable	630	30
	Unearned Revenue	650	450
Long-Term Liabilities:
	Notes Payable	6,720	6,720
	Mortgage Payable	725,000	0
	Bonds Payable	1,000,000	0
	Discount on Bonds Payable	(1,140)	0
Total Liabilities		1,761,170	13,340
Stockholders' Equity
Paid-In Capital:
	Preferred Stock	60,000	0
	Paid-In Capital in Excess of ParPreferred	480,000	0
	Common Stock	229,000	189,000
	Paid-In Capital in Excess of ParCommon	240,000	0
Retained Earnings		340,230	2,230
Total Stockholders' Equity		1,349,230	191,230
Total Liabilities and Stockholders' Equity		$3,110,400	$204,570