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Fill in the blanks CROWN PRINCE Net Income Net Income Depreciation Expense Depreciation Expense Accounts Receivable Gross Allowance for Doubtful Accounts Net Accounts Receival SO

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CROWN PRINCE Net Income Net Income Depreciation Expense Depreciation Expense Accounts Receivable Gross Allowance for Doubtful Accounts Net Accounts Receival SO Accounts Receivable Gross Allowance for Doubtful Accounts Net Accounts Receivables SO Inventory Inventory Tax Liability Tax Liability Purchase of Equipment $200,000 Purchase of Equipment $200,000 Common Stock Issued $100,000 Common Stock Issued $100,000 Long Term Debt Issued $200,000 Long Term Debt Issued $200,000 Dividends Paid $10,000 Dividends Paid $10,000 BOTH COMPANIES WERE FORMED JANUARY 1. THUS, NO OPENING BALANCE SHEET BOTH COMPANIES WERE FORMED JANUARY 1. THUS, NO OPENING BALANCE SHEET CROWN Statement of Cash Flow For the year ending December 31, 2018 PRINCE Statement of Cash Flow For the year ending December 31, 2018 Cash Flow from Operations Net Income Adjustments to reconcile net income to net Cash provided by operating activities Depreciation expense Change in Current Assets/Current Liabilities Accounts Receivable Inventory Income Tax Payable Net Cash provided by Operating Activities Cash Flow from Investing Activities Purchase of Equipment Net Cash provided by Investing Activities Cash Flow from Financing Activities Issuance of Stock Issuance of Bonds Payment of Cash Dividend Net Cash provided by Finance Activities Cash Flow from Operations Net Income Adjustments to reconcile net income to net Cash provided by operating activities Depreciation expense Change in Current Assets/Current Liabilities Accounts Receivable Inventory Income Tax Payable Net Cash provided by Operating Activities Cash Flow from Investing Activities Purchase of Equipment Net Cash provided by Investing Activities Cash Flow from Financing Activities Issuance of Stock Issuance of Bonds Payment of Cash Dividend Net Cash provided by Finance Activities Net Cash Flow Net Cash Flow CROWN PRINCE Net Income Net Income Depreciation Expense Depreciation Expense Accounts Receivable Gross Allowance for Doubtful Accounts Net Accounts Receival SO Accounts Receivable Gross Allowance for Doubtful Accounts Net Accounts Receivables SO Inventory Inventory Tax Liability Tax Liability Purchase of Equipment $200,000 Purchase of Equipment $200,000 Common Stock Issued $100,000 Common Stock Issued $100,000 Long Term Debt Issued $200,000 Long Term Debt Issued $200,000 Dividends Paid $10,000 Dividends Paid $10,000 BOTH COMPANIES WERE FORMED JANUARY 1. THUS, NO OPENING BALANCE SHEET BOTH COMPANIES WERE FORMED JANUARY 1. THUS, NO OPENING BALANCE SHEET CROWN Statement of Cash Flow For the year ending December 31, 2018 PRINCE Statement of Cash Flow For the year ending December 31, 2018 Cash Flow from Operations Net Income Adjustments to reconcile net income to net Cash provided by operating activities Depreciation expense Change in Current Assets/Current Liabilities Accounts Receivable Inventory Income Tax Payable Net Cash provided by Operating Activities Cash Flow from Investing Activities Purchase of Equipment Net Cash provided by Investing Activities Cash Flow from Financing Activities Issuance of Stock Issuance of Bonds Payment of Cash Dividend Net Cash provided by Finance Activities Cash Flow from Operations Net Income Adjustments to reconcile net income to net Cash provided by operating activities Depreciation expense Change in Current Assets/Current Liabilities Accounts Receivable Inventory Income Tax Payable Net Cash provided by Operating Activities Cash Flow from Investing Activities Purchase of Equipment Net Cash provided by Investing Activities Cash Flow from Financing Activities Issuance of Stock Issuance of Bonds Payment of Cash Dividend Net Cash provided by Finance Activities Net Cash Flow Net Cash Flow

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