Question
How do I prepare a cash flow statement with the following information? Purchased fixed assets paying cash 310000 Received $90,000 cash for issuance of notes
How do I prepare a cash flow statement with the following information?
Purchased fixed assets paying cash 310000 Received $90,000 cash for issuance of notes payable 90000 Receeived $120,000 cash for issuance of common stock 120000 Paid$20,000 for purchase of treasury stock 20000 Ending cash balance Class start date Nov-Dec Assets 2017 2016 Current assets: increase/decrease Cash 125000 20000 105000 Accounts Receivable 75000 85000 -10000 Inventory 100000 80000 20000 Long-term assets Plant assets 430000 120000 310000 Accumulated depreciation 12000 9000 3000 Total Assets Current liabilities Accounts payable 32000 20000 12000 Accrued liabilities 86000 15000 71000 Long-term liabilities notes payable 90000 0 90000 Total liabilities 208000 35000 173000 Stockholders equity Common stock 220000 100000 120000 Retained earnings 219000 179000 40000 Treasury stock 20000 0 20000 Total stockholders equity 459000 279000 180000 Total stockholder equity and liabilities 667000 314000 353000
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