Homework: Cash Flow Statement Score: 0 of 1 pt 1 of 7 ( completo) Hw Score: 662996,464 of 7 pts E13-12A (similar to) Question Hep comparatve balace sheet for Majeste Travel Serveik.for Decenter 31. 2017 rd 20% tebat B (Click the icon to view the comparative balance sheet) The folowing informanion is taken from the reoords of Majestic Travel Services, Inc (Click the icon to view the transaction data ) Majestic Treve. Services. Ine, uses the ndiect metod b, prepaingthe statement of cash fowsPropa e the opentru sec son ofhestatement of cash flow, outhow.) 2017. Une paveeses or a mnnubnntes b be sended or not sh Majestie Travel Services, Inc Statement of Cash Flows-Operatiing Activities Section (Indirect Method For the Year Ended December 31, 201 Operating Activities Adjustments to reconcile net income to oash bass Net cash provided by (used for) operating activnes Kyle Schr low Statement 1 of 7 (5 complete) ravel strvices, Inc., for Dec lance sheet) ords of Majestic Travel Ser Balance Sheet Majestic Travel Services, Inc. Comparative Balance Sheets December 31, 2017 and 2016 Assets t method for preparing the e parentheses or a minus sign fo 2017 2016 vel Services, Inc. ing Activities Section (In d December 31, 2017 Current assets: Cash Accounts receivable Inventory Prepaid insurance 42,000S 15,000 82,000 87,000 55,000 23,000 8,000 14,000 S 187,000 $ 139,000 asis: Total current assets 103,000 S 120,000 84,000 60,000 (21,000) (14,000) S 353,000 $ 305,000 Land Equipment Total assets Liabilities Current liabilities: Accounts payable Wages payable Interest payable $ 27,000 S 30,000 33,000 24,000 13,000 12,000 ties Print Done input fields and then Clear All Inc., for December 31, 2017 and 2016, is as follows tic Travel Services, Inc.: reparing the statement of cash flows. Prepare the operating section of the statement of cash flows for 2017. (Use parenth , Inc. s Section (Indirect Method) er 31, 20117 Transactions a. b. c. d. e. f. Land was sold for $13,400. Equipment was purchased for cash. There were no disposals of equipment during the year. The common stock was issued for cash. Net income for 2017 was $34,000. Cash dividends paid during the year were $9,000. Print Done fields and then click Check Answer Clear All 2018-9 AM Section Managerial Accounting-Fall Homework: Cash Flow Statement Score: 0 of 1 pt E13-12A (similar to) nmnarativn halanon shaat fne Mainatin Traval Sarvires Inc., for December 31,2017 and 2016, is as fo Tr Cash used to purchase equipment Travel Services, Inc.: Decrease in accounts payable M Decrease in accounts receivable ou Decrease in income taxes payable aring the statement of cash flows. Prepare t Decrease in interest payable Decrease in inventory Decrease in prepaid insurance Decrease in wages payable Depreciation expense Dividends paid Increase in accounts payable Increase in accounts receivable Increase in income taxes payable Increase in interest payable Increase in inventory Increase in prepaid insurance Increase in wages payable ection (Indirect Method) 1, 2017 ssuance of stock for cash Loss on sale of land Net income Proceeds from issuance of long term notes Proceeds from the sale of land Net cash provided by (used for) operating activities Choose from any list or enter any number in the input fields and then click Check Answer. All parts showing Homework: Cash Flow Statement Score: 0 of 1 pt 1 of 7 ( completo) Hw Score: 662996,464 of 7 pts E13-12A (similar to) Question Hep comparatve balace sheet for Majeste Travel Serveik.for Decenter 31. 2017 rd 20% tebat B (Click the icon to view the comparative balance sheet) The folowing informanion is taken from the reoords of Majestic Travel Services, Inc (Click the icon to view the transaction data ) Majestic Treve. Services. Ine, uses the ndiect metod b, prepaingthe statement of cash fowsPropa e the opentru sec son ofhestatement of cash flow, outhow.) 2017. Une paveeses or a mnnubnntes b be sended or not sh Majestie Travel Services, Inc Statement of Cash Flows-Operatiing Activities Section (Indirect Method For the Year Ended December 31, 201 Operating Activities Adjustments to reconcile net income to oash bass Net cash provided by (used for) operating activnes Kyle Schr low Statement 1 of 7 (5 complete) ravel strvices, Inc., for Dec lance sheet) ords of Majestic Travel Ser Balance Sheet Majestic Travel Services, Inc. Comparative Balance Sheets December 31, 2017 and 2016 Assets t method for preparing the e parentheses or a minus sign fo 2017 2016 vel Services, Inc. ing Activities Section (In d December 31, 2017 Current assets: Cash Accounts receivable Inventory Prepaid insurance 42,000S 15,000 82,000 87,000 55,000 23,000 8,000 14,000 S 187,000 $ 139,000 asis: Total current assets 103,000 S 120,000 84,000 60,000 (21,000) (14,000) S 353,000 $ 305,000 Land Equipment Total assets Liabilities Current liabilities: Accounts payable Wages payable Interest payable $ 27,000 S 30,000 33,000 24,000 13,000 12,000 ties Print Done input fields and then Clear All Inc., for December 31, 2017 and 2016, is as follows tic Travel Services, Inc.: reparing the statement of cash flows. Prepare the operating section of the statement of cash flows for 2017. (Use parenth , Inc. s Section (Indirect Method) er 31, 20117 Transactions a. b. c. d. e. f. Land was sold for $13,400. Equipment was purchased for cash. There were no disposals of equipment during the year. The common stock was issued for cash. Net income for 2017 was $34,000. Cash dividends paid during the year were $9,000. Print Done fields and then click Check Answer Clear All 2018-9 AM Section Managerial Accounting-Fall Homework: Cash Flow Statement Score: 0 of 1 pt E13-12A (similar to) nmnarativn halanon shaat fne Mainatin Traval Sarvires Inc., for December 31,2017 and 2016, is as fo Tr Cash used to purchase equipment Travel Services, Inc.: Decrease in accounts payable M Decrease in accounts receivable ou Decrease in income taxes payable aring the statement of cash flows. Prepare t Decrease in interest payable Decrease in inventory Decrease in prepaid insurance Decrease in wages payable Depreciation expense Dividends paid Increase in accounts payable Increase in accounts receivable Increase in income taxes payable Increase in interest payable Increase in inventory Increase in prepaid insurance Increase in wages payable ection (Indirect Method) 1, 2017 ssuance of stock for cash Loss on sale of land Net income Proceeds from issuance of long term notes Proceeds from the sale of land Net cash provided by (used for) operating activities Choose from any list or enter any number in the input fields and then click Check Answer. All parts showing