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help i keep getting this wrong The comparative balance sheet of Yellow Dog Enterprises inc: at December 31, 20%8 and 20 Y7, is as follows:
help i keep getting this wrong
The comparative balance sheet of Yellow Dog Enterprises inc: at December 31, 20%8 and 20 Y7, is as follows: Additional data obtained from the income statement and from an examination of the accounts in the ledger for 20Y8 are as follows: a. Net income. $100.000 b. Depreciation reported on the income statement. $115,000. c. Equipment was purchased at a cost of 5395,000 and fully depreciated equipment costing 575,000 was discarded, with no 5a lvage te d. The mongage note payable was not due for six years, but the terms permitted earlier payment without penaly. e. 40,000 shares of common stock were issued at $15 for cash. f. Cash dividends declared and paid, 550,000. Labels and Amount Descriptions Cash paid for dividends Cash paid for equipment Cash paid for merchandise Cash paid for purchase of land Cash paid to retire mortgage note payable Cash received from customers Cash received from sale of common stock Change in cash December 31, 20Y8 Decrease in inventory Decrease in acoounts payable Decrease in accounts receivable Decrease in prepaid expenses Depreciation For the Year Ended December 31, 20 Y8 Gain on disposal of equipment Gain on sale of investments Increase in accounts payable Increase in accounts receivable Increase in inventory Increase in prepaid expenses Loss on disposal of equipment Loss on sale of investments Net cash fow from financing activities Net cash flow from investing activities Net cash flow from operating activities Net cash fow used for financing activities Net cash fiow used for investing activities Net cash flow used for operating activities Net income Net loss Step by Step Solution
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