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Help! Very stuck. There is also a column after the 'Credit' one that is titled 'Total 12/31/2019' - with rows that go down to Total
Help! Very stuck. There is also a column after the 'Credit' one that is titled 'Total 12/31/2019' - with rows that go down to Total in the Credit Section. Thanks.
Comparative balance sheets for Blue Spruce Corp. are presented as follows. Blue Spruce Corp. Comparative Balance Sheets December 31 Assets 2019 Cash $72,600 Accounts receivable 84,450 Inventory 179,150 Land 74,350 Equipment 249,600 Accumulated depreciation-equipment (65,850) Total $594,300 Liabilities and Stockholders' Equity Accounts payable $33,500 Bonds payable 149,600 Common stock ($1 par) 214,800 Retained earnings 196,400 Total $594,300 2018 $22,700 76,100 188,150 101.900 200,000 (42,200) $546,650 $47,850 201,000 163,700 134, 100 $546,650 Additional information: 1 2 3. 4. 5. 6. 7. Net income for 2019 was $135,300. $ Cash dividends of $73.000 were declared and paid. Bonds payable amounting to $51.400 were redeemed for cash $51.400. Common stock was issued for $51,100 cash. . Depreciation expense was $23,650. Sales revenue for the year were $977,100. Land was sold at cost and equipment was purchased for cash Prepare a worksheet for a statement of cash flows for 2019 using the indirect method. Enter the reconciling items directly on the worksheet. (Show amounts that decrease cash flow with either a-signes -15,000 or in parenthesis eg (15.000.) Blue Spruce Corp. Worksheet Statement of Cash Flows Reconciling Items Balance 12/31/18 Debit Credit Balance Sheet Accounts Debits Cash Accounts receivable Inventory Land Equipment Total Credits Accumulated depreciation-equipment Accounts payable Bonds payable Common stock Retained earnings Total Statement of Cash Flow Effects V V v V v v V v V v Totals TotalsStep by Step Solution
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