Chrome File Edit View History Bookmarks Profiles Tab Window Help Q 8 * Sun Oct 17 7:50 PM Assignments: Fundamentals of Question 6 - FIN Chapter 8 HW x how to screenshot on mac - Gc x Homework Help - Q&A from Or x + ^ ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmhepr... ABP B * FIN Chapter 8 HW i Saved Help Save & Exit Submit Check my work 6 Exercise 8-8A (Algo) Effect of double-declining-balance depreciation on financial statements LO 8-3 2.22 Golden Manufacturing Company started operations by acquiring $122,000 cash from the issue of common stock. On January 1, Year 1, points the company purchased equipment that cost $112,000 cash, had an expected useful life of five years, and had an estimated salvage value of $11,200. Golden Manufacturing earned $94,250 and $61,550 of cash revenue during Year 1 and Year 2, respectively. Golden 04:05:32 Manufacturing uses double-declining-balance depreciation. Required eBook a. Record the transactions in a horizontal statements model. b-1. Prepare income statements for Year 1 and Year 2 Print b-2. Prepare balance sheets for Year 1 and Year 2 b-3. Prepare statements of cash flows for Year 1 and Year 2. Complete this question by entering your answers in the tabs below. Req B1 Inc Req B2 Bal Req B3 Stmt Req A Stmt Shee Cash Flows Record the transactions in a horizontal statements model. (In the Statement of Cash Flows column, use the initials OA to designate operating activity, IA for investing activity, FA for financing activity, and NC for net change in cash. Enter any decreases to account balances and cash outflows with a minus sign. Not all cells require input. Do not round intermediate calculations. Round your final answers to the nearest whole dollar.) Show less GOLDEN MANUFACTURING COMPANY Horizontal Statements Model Balance Sheet Income Statement Assets = Stockholder's Equity Revenue - Expense = Net Income Statement of Cash Mc Graw Hill 226 OCT 17 IMG_3041.heicChrome File Edit View History Bookmarks Profiles Tab Window Help Q 8 * Sun Oct 17 7:50 PM Assignments: Fundamentals of Question 6 - FIN Chapter 8 HW x how to screenshot on mac - Gc x Homework Help - Q&A from Or x + ^ ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmhepr... ABP B * FIN Chapter 8 HW i Saved Help Save & Exit Submit Check my work 6 Req B1 Inc Req B2 Bal Req B3 Stmt Req A Stmt Sheet Cash Flows Record the transactions in a horizontal statements model. (In the Statement of Cash Flows column, use the initials OA to designate operating activity, IA for investing activity, FA for financing activity, and NC for net change in cash. Enter any decreases to account balances and cash outflows with a minus sign. Not all cells require input. Do not round intermediate calculations. 2.22 points Round your final answers to the nearest whole dollar.) Show less A 04:05:21 GOLDEN MANUFACTURING COMPANY Horizontal Statements Model eBook Balance Sheet Income Statement Assets Stockholder's Equity Revenue Expense =|Net Income Statement of Cash Print Event Book Value Flows Retained Cash Common of Stock Earnings Equipment Year 1 Issue stock Purchase equipment Revenue + + + + + 11 11 11 11 11 + + + Depreciation expense Balance 11 11 11 11 11 11 11 11 10 Year 2 Beg. bal. Revenue 11 11 11 11 + + + + + + + + Depreciation expense 1. bal. Hill OCT 17 IMG_3041.heicChrome File Edit View History Bookmarks Profiles Tab Window Help Q 8 Sun Oct 17 7:51 PM Assignments: Fundamentals of Question 6 - FIN Chapter 8 HW x how to screenshot on mac - Gc x Homework Help - Q&A from Or x + ^ ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmhepr... ABP B* FIN Chapter 8 HW i Saved Help Save & Exit Submit Check my work 6 Required a. Record the transactions in a horizontal statements model. b-1. Prepare income statements for Year 1 and Year 2. b-2. Prepare balance sheets for Year 1 and Year 2. 2.22 b-3. Prepare statements of cash flows for Year 1 and Year 2. points 04:05:10 Complete this question by entering your answers in the tabs below. Req Bi Inc Req B3 Stmt eBook Req A Req B2 Bal Stm Sheet Cash Flows Print Prepare income statements for Year 1 and Year 2. (Do not round intermediate calculations. Round the final answers to nearest dollar amount.) GOLDEN MANUFACTURING COMPANY Income Statements Year 1 Year 2 Mc Graw Hill OCT 17 IMG_3041.heicChrome File Edit View History Bookmarks Profiles Tab Window Help Q 8 Sun Oct 17 7:51 PM Assignments: Fundamentals of Question 6 - FIN Chapter 8 HW x how to screenshot on mac - Gc x Homework Help - Q&A from Or x + ^ ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmhepr... ABP B* FIN Chapter 8 HW i Saved Help Save & Exit Submit Check my work 6 D-1. Prepare income statements for Year 1 and Year 2. b-2. Prepare balance sheets for Year 1 and Year 2. 6-3. Prepare statements of cash flows for Year 1 and Year 2. 2.22 Complete this question by entering your answers in the tabs below. points 04:05:04 Req B2 Bal Req A Req B1 Inc Req B3 Stmt Stmt Sheet Cash Flows Prepare balance sheets for Year 1 and Year 2. (Do not round intermediate calculations. Round the final answers to nearest eBook dollar amount.). Print GOLDEN MANUFACTURING COMPANY Balance Sheets Year 1 Year 2 Assets Total Assets Stockholders' equity Total stockholders' equity Mc Graw Hill OCT 17 " tv IMG_3041.heicChrome File Edit View History Bookmarks Profiles Tab Window Help Q 8 Sun Oct 17 7:51 PM Assignments: Fundamentals of Question 6 - FIN Chapter 8 HW x how to screenshot on mac - Gc x Homework Help - Q&A from Or x + ^ ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmhepr... ABP B* FIN Chapter 8 HW i Saved Help Save & Exit Submit Check my work 6 D-1. Prepare income statements for Year 1 and Year 2. b-2. Prepare balance sheets for Year 1 and Year 2. 6-3. Prepare statements of cash flows for Year 1 and Year 2. 2.22 Complete this question by entering your answers in the tabs below. points 04:04:59 Req A Req B1 Inc Req B2 Bal Req B3 Stmt Stmt Sheet Cash Flows Prepare statements of cash flows for Year 1 and Year 2. (Amounts to be deducted and cash outflows should be indicated with eBook a minus sign. Do not round intern a intermediate calculations. Round the final answers to nearest dollar amount.?........... :.... Print GOLDEN MANUFACTURING COMPANY Statements of Cash Flows Year 1 Year 2 Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities Net change in cash Ending cash balance Mc Graw Hill 226 OCT 17 IMG_3041.heic