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Help please!!!! ill make sure to leave a like!! Problem 12-1 Larry's Landscaping April Statement of Cash Flows The homework problems for Chapter 12 will
Help please!!!! ill make sure to leave a like!!
Problem 12-1 Larry's Landscaping April Statement of Cash Flows The homework problems for Chapter 12 will use Larry's Landscaping. To refresh your knowledge of Larry's Landscaping, see the heading "Larry's Landscaping, Inc. Starts Business" on Pg 155. The following are the Balance Sheets for Larry's Landscaping as of March 31, 2021 (the end of last period) and April 30, 2021 (the end of this period): April 30. 2021 March 31, 2021 Assets Cash $ 21,000 $ 17,500 Supplies 1,500 0 Prepaid Insurance 3,300 0 Total Current Assets 25,800 17,500 Equipment 40,000 40,000 Building 100,000 100,000 Accumulated Depreciation Equipment (1.000) (500) Accumulated Depreciation Building (2.000) (1,000) Land 20,000 20.000 Total Property, Plant & Equipment 157,000 158,500 Total Assets $182.800 $176,000 Liabilities Interest Payable 550 $ Total Current Liabilities 550 Note Payable Long-Term 110.000 110,000 Total Liabilities 110,550 110,000 Owners' Equity Common Stock 6,000 6,000 Paid-in Capital in Excess of Par Value 54,000 54,000 Retained Earnings 12,250 6,000 Total Owners' Equity 72.250 66,000 Total Liabilities and Equity $182.800 $176.000 The following is additional information for the period April 1 to April 30, 2021: The Income Statement for April showed a Net Income of $6,250. No Dividends were declared during the month of April. Use the following to complete this problem: The worksheet in Chapter 11 d - Problem 11 and 12 Blank Cash Flow Worksheet. The form on Tab 12-1 in the workbook Chapter 12 b - Problem 12-1 to 12-4 Forms Requirement 1 Prepare a Cash Flow Worksheet for the period April 1 tn Anril 30 2071 Problem 12-1 Statement of Cash Flows for April 1 to April 30, 2021 Larry's Landscaping Statement of Cash Flows (Indirect Method) for the Period April 1 to April 30, 2021 Cash Flows from Operating Activities Net Income Cash Provided by Operating Activities Cash Flows from Investing Activities Cash Provided (Usted) by Investing Activities Cash Flows from Financing Activities Cash Provided (Used) by Financing Activities Increase in Cash from April 1 to April 30, 2021 Beginning Cash Balance April 1, 2021 Increase in Cash from April 1 to April 30, 2021 Ending Cash Balance April 30, 2021 Step by Step Solution
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