Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

complete the cash flow statement. use only data for the colunm for the month May and June Use the column based upon May and june

complete the cash flow statement. use only data for the colunm for the month May and June image text in transcribed
image text in transcribed
image text in transcribed
Use the column based upon May and june Use the following information and prepare a statement of Cash Flows in good form Jan Feb Mar Apr Net Income 57000 62000 Depreciation 20000 25000 Purchased fixed assets paying cash 310000 310000 Received $90,000 cash for issuance of notes payable 90000 90000 Received $120,000 cash for issuance of common stock 120000 120000 Paid $20,000 for purchase of treasury stock 20000 20000 Ending cash balance 50000 65000 May-Jun 77000 30000 310000 90000 120000 20000 Jul Aug 87000 35000 310000 90000 120000 20000 95000 Sept-Oct 97000 10000 310000 90000 120000 20000 110000 Nov Dec 1070.00 45000 310000 90000 120000 20000 125000 80000 Mar Apr Jan Feb 2017 May-Jun 2017 Jul Aug 2017 Sept-Oct 2017 2016 Nov Dec 2017 2016 2016 2017 2016 2016 2016 Class Start Date Assets Current assets: Cash Accounts receivable Inventory Long-term assets Plant assets Accumulated depreciation heet1 S0000 75000 100000 20000 85000 80000 55000 25000 100000 20000 80000 85000 25000 80000 100000 20000 85000 30000 95000 25000 100000 20000 85000 80000 110000 25000 100000 20000 125000 25000 25000 30000 100000 20000 35000 30000 430000 12000 120000 9000 430000 12000 120000 9000 430000 12000 120000 9000 430000 12000 120000 9000 430000 12000 120000 9000 430000 12000 120000 9000 Jan Feb 2017 Mar Apr 2017 May Jun 2017 2016 2016 2016 2017 2016 2017 2016 2017 2016 Assets Current assets: Cash Accounts receivable Inventory Long-term assets Plant assets Accumulated depreciation Total Assets 50000 75000 100000 20000 85000 80000 x 65000 25000 10 100000 20000 85000 80000 80000 25000 100000 20000 85000 80000 95000 75000 100000 20000 85000 80000 110000 75000 100000 20000 85000 30000 125000 75000 100000 20000 85000 80000 120000 430000 430000 12000 667000 120000 000 314000 430000 12000 120000 9000 314000 430000 12000 692000 120000 9000 314000 430000 12000 712000 120000 9000 314000 430000 12000 727000 120000 9000 14000 682000 314000 742000 32000 86000 20000 15000 32000 86000 20000 15000 32000 36000 20000 15000 32000 86000 20000 15000 32000 86000 20000 15000 3 2000 85000 20000 15000 Liabilities Current liabilities Accounts payable Accrued liabilities Long-term liabilities Notes payable Total liabilities 90000 208000 O 35000 90000 208000 0900000 35000 208000 35000 90000 208000 35000 208000 35000 200000 35000 Stockholders equity 100000 30000 100000 Inventory Long-term assets Plant assets Accumulated depreciation Total Assets 120000 120000 430000 430000 12000 667000 120000 120000 9000 314000 430000 12000 682000 120000 9000 314000 430000 12000 697000 430000 12000 712000 120000 9000 314000 430000 12000 314000 Liabilities Current liabilities Accounts payable Accrued liabilities Long-term liabilities Notes payable Total liabilities 32000 86000 20000 15000 32000 86000 20000 15000 32000 86000 20000 15000 32000 85000 20000 15000 32000 86000 20000 15000 32000 86000 20000 15000 900000 208000 35000 90000 208000 0 35000 90000 208000 35000 208000 0 35000 90000 208000 35000 208000 35000 100000 179000 100000 179000 Stockholders equity Common stock Retained earnings Treasury stock Total stockholders equity Total stockholders equity and liabilities 220000 100000 219000 179000 200000 459000 279000 667000' 314000 220000 219000 20000 459000 667000 220000 100000 219000 179000 0 459000 279000 667000' 314000 220000 100000 219000 179000 200000 459000 279000 667000' 314000 220000 100000 219000 171000 200000 459000 279000 667000 314000 220000 219000 20000 459000 667000 279000 314000 279000 314000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Commercial Energy Auditing Reference Handbook

Authors: Steve Doty

3rd Edition

1498769268, 978-1498769266

More Books

Students also viewed these Accounting questions

Question

Discuss the various types of third-party payers.

Answered: 1 week ago

Question

=+5.5. Suppose that X has mean m and variance o2.

Answered: 1 week ago