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Hello ...I need help to prepare an indirect method of cash flow based on this Balance sheet ASSETS 2013 2012 Change 37,870.00 CURRENT ASSETS Checking
Hello ...I need help to prepare an indirect method of cash flow based on this Balance sheet
ASSETS 2013 2012 Change 37,870.00 CURRENT ASSETS Checking Petty Cash Accounts Receivable Office Supplies Prepaid Insurance Undeposited Funds Total current assets 49,272.46 92.21 17,650.00 625.00 2,612.50 0.00 70,252.17 22,565.00 500.00 11,402.46 92.21 (4,915.00) 125.00 2,612.50 $ $ 60,935.00 $ 9,317.17 FIXED ASSETS - Net of Accumulated Depreciation Business Vehicles:Original Cost Accumulated Depreciation-Business Vehicles Office Furniture/Equipment:Original Cost Accumulated Depreciation-Equipment Total assets 49,000.00 (583.00) 11,536.00 (142.00) $ 130,063.17 49,000.00 8,050.00 (8,633.00) 11,536.00 (142.00) $ 117,985.00 $ 12,078.17 LIABILITIES & EQUITY CURRENT LIABILITIES Accounts Payable Loan Payable TOTAL CURRENT LIABILITIES 3,764.00 0.00 3,764.00 850.00 0.00 850.00 $ 2,914.00 0.00 2,914.00 $ $ LONG TERM LIABILITIES Loan Payable:Business Vehicles Loan Loan Payable:Office Furniture/Equipment Loan Total Long Term Liabiltities TOTAL LIABILITIES 34,532.81 3,970.83 38,503.64 42,267.64 35,000.00 4,000.00 39,000.00 $ 39,850.00 $ (467.19) (29.17) (496.36) 2,417.64 $ EQUITY 53,135.00 Carena Ng, Capital Carena Ng, Capital:Draws Carena Ng, Capital:Investments Retained Earnings Total stockholders' equity 61,135.00 (2,500.00) 25,000.00 4,160.53 87,795.53 25,000.00 8,000.00 (2,500.00) 0.00 4,160.53 9,660.53 78,135.00 Total liabilities and equity $ 130,063.17 $ 117,985.00 $ 12,078.17Step by Step Solution
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