Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need a cash flow statement in good form The following data la for Burden's Bolaterous Boys Company: Balance 12/31/19 Balance 12/11/18 $ 125,000 52,000

image text in transcribedI need a cash flow statement in good form
The following data la for Burden's Bolaterous Boys Company: Balance 12/31/19 Balance 12/11/18 $ 125,000 52,000 4,000 30,000 $ 48,000 33,000 3,000 80,000 5,000 240,000 40,000 9,000 42,000 10,000 Cash Accounts Recelvable Alowance for Doubtful Accounts Inventory Prepaid Rent Equipment Accumulated Depreciation Land Security Deposit Patent Accounts Payable Wiges Payable Rent Payable Interest Payable Taxes Payable Note Payable Common Stock, ($1 Par Value) Paid in Capital Retained Earnings Sales Cost of Goods Sold Wage Expense Rent Expense Office Expenses Depreciation Expense Bad Debt Expense Interest Expense Income Tax Expense 320,000 60,000 20,000 1.000 9,000 70,000 6.000 5,000 7,000 25,000 110,000 12.000 108,000 150,000 1,000,000 600,000 165,000 60,000 16,000 20,000 10,000 14,000 30,000 2.000 38,000 130,000 6,000 54,000 90,000 The land was acquired on April 1, 2019 for cash $20,000. The additional common stock was sold on Oct 1, 2019. The retained earnings balance for both years is after all closing entries have been made. The Note Payable requires payments of $20,000 principal plus interest at 10% on December 31" of each year

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Practice Management With Auditing For Coders

Authors: Elsevier

1st Edition

0323482333, 978-0323482332

More Books

Students also viewed these Accounting questions

Question

What is the cerebrum?

Answered: 1 week ago

Question

Classify delivery styles by type.

Answered: 1 week ago