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I need help filling out the blanks NAME: n.cash flow direct method homework 1 XYZ Corporation Income Statement For Year Ended 12/31/xx Sales Revenue Cost
I need help filling out the blanks
NAME: n.cash flow direct method homework 1 XYZ Corporation Income Statement For Year Ended 12/31/xx Sales Revenue Cost of Goods Sold Gross Profit Expenses: Insurance Exp Wages Exp. Rent Expense Depreciation Exp. Net Income 44,000 (31,000) 13,000 1,100 5,700 3,600 200 Other Info: a) Land was aquired by issuing common stock b) Old furniture was sold for $200 cash c) New furniture was purchased for $1,800 cash d) The company paid down L/T Note Payable. e) Cash dividends of $1,000 were paid during. Remember to do the statement below (scroll down! (10,600) 2,400 BEG. BAL. DR. CR. Chk See Below See Below DEBITS Cash Accounts Receivable Merchandise Inventory Prepaid Insurance Prepaid Rent Land Furniture 13,000 8,500 16,800 1,200 3,500 END. BAL. 10,700 8,100 17,300 400 1,300 20,000 18,600 76,400 17,000 60,000 CREDITS Accum. Depreciation Accounts Payable Wages Payable L/T Note Payable Common Stock, $2 Par PICEP - Common Stock Retained Earnings 3,600 5,400 1,500 7,500 20,000 10,000 12,000 60,000 3,800 3,200 400 5,600 32,000 18,000 13,400 76,400 CASH FLOW-OPERATING ACTIVITIES Cash Collected from Customers Cash Paid to Suppliers Cash Paid for Insurance Cash Paid for Insurance Cash Paid for Wages Cash Paid for Rent CF-OA: CASH FLOW - INVESTING ACTIVITIES CF-IA: CASH FLOW - FINANCING ACTIVITIES CF-FA: Net Cash Flow... FOOTNOTE: SIGNIFICANT NON-CASH INVESTING & FINANCING ACTIVITIES: MANIAC CORPORATION STATEMENT OF CASH FLOWS - DIRECT METHOD FOR YEAR ENDED 12/31/XX CASH FLOW FROM OPERATING ACTIVITIES Cash Disbursed for Operating Activities: . MANIAC CORPORATION STATEMENT OF CASH FLOWS - DIRECT METHOD FOR YEAR ENDED 12/31/XX CASH FLOW FROM OPERATING ACTIVITIES Cash Disbursed for Operating Activities: Net Cash Flow from Operating Activities.... CASH FLOW FROM INVESTING ACTIVITIES Net Cash Flow from Investing Activities.... CASH FLOW FROM FINANCING ACTIVITIES Net Cash Flow from Financing Activities.... NET INCREASE (DECREASE) IN CASH.... SIGNIFICANT NON-CASH INVESTING AND FINANCING ACTIVITIESStep by Step Solution
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