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Help: Create a sources and uses table for the given period in the image PLEASE!!! I am really confused Introduction to Financial Accounting Practice Problems
Help: Create a sources and uses table for the given period in the image
PLEASE!!! I am really confused
Introduction to Financial Accounting Practice Problems for Chapter 14 1. PrettyTools Given the Transaction Table and Financial Statements below: Transaction Table for PrettyTools - Change in Liabilities + Change in Equity Revenue Change in Assets Date/Event 12/01/2011 Declare Revenue 12/02/11 Get a loarn 12/02/11 Purchase Inventory 12/05/11 Pay Dividend 12/15/11 Write Down PPE 12/30/11 Buy PPE 12/31/11 Record COGS 12/31/11 Record Depreciation 12/31/11 Record SGA Expense 12/31/11 Record/Pay Interest Expense 1 Cash 1_Cash Inventory 800.00 800.00 150.00 Loan_Long-term 150.00 150.00 AP 150.00 1 Cash 100.00 Dividend 100.00 50.00 20.00 -400.00 400.00 100.00 PPE Write Down 30.00 PPE, net MiscAsset-PPE 1 Cash PPE, net Inventory COGS 100.00 PPE, net 50.00 Depreciation 50.00 Accrued Expenses 50.00 SGA 50.00 1 Cash 100.00 Interest 100.00 PrettyTools 01/01/1 to 12/31/11 Cash Flow Statement Direct Method, For Period 1. Operating PrettyTools 01/01/i to 12/31/11 Income Statement For Period Revenue COGS Depreciation SGA Interest PPEWriteDown Net Income ue Interest .100 Total 700 2. Investing 470 PPE, net 400 Total -400 3.Financing Long-term Loan Dividend Total 50 Total Cash Flow 350 PRACTICE PROBLEMS PAGE 1 Global Page 1209 Introduction to Financial Accounting Practice Problems for Chapter 14 1. PrettyTools Given the Transaction Table and Financial Statements below: Transaction Table for PrettyTools - Change in Liabilities + Change in Equity Revenue Change in Assets Date/Event 12/01/2011 Declare Revenue 12/02/11 Get a loarn 12/02/11 Purchase Inventory 12/05/11 Pay Dividend 12/15/11 Write Down PPE 12/30/11 Buy PPE 12/31/11 Record COGS 12/31/11 Record Depreciation 12/31/11 Record SGA Expense 12/31/11 Record/Pay Interest Expense 1 Cash 1_Cash Inventory 800.00 800.00 150.00 Loan_Long-term 150.00 150.00 AP 150.00 1 Cash 100.00 Dividend 100.00 50.00 20.00 -400.00 400.00 100.00 PPE Write Down 30.00 PPE, net MiscAsset-PPE 1 Cash PPE, net Inventory COGS 100.00 PPE, net 50.00 Depreciation 50.00 Accrued Expenses 50.00 SGA 50.00 1 Cash 100.00 Interest 100.00 PrettyTools 01/01/1 to 12/31/11 Cash Flow Statement Direct Method, For Period 1. Operating PrettyTools 01/01/i to 12/31/11 Income Statement For Period Revenue COGS Depreciation SGA Interest PPEWriteDown Net Income ue Interest .100 Total 700 2. Investing 470 PPE, net 400 Total -400 3.Financing Long-term Loan Dividend Total 50 Total Cash Flow 350 PRACTICE PROBLEMS PAGE 1 Global Page 1209Step by Step Solution
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