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I need help with bottom section, and its due tonight 11pm eastern time. Problem 7-4 Name: Diana Kirkland Section: Problem 7-4 Score: 79% Key Code:
I need help with bottom section, and its due tonight 11pm eastern time.
Problem 7-4 Name: Diana Kirkland Section: Problem 7-4 Score: 79% Key Code: 2 Instructions Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited. A red asterisk (*) will appear in the column to the right of an incorrect answer. 1. Depreciation Expense Accumulated Depreciation, End of Year 1 2 $32,500 32,500 $32,500 65,000 $107,500 75,000 3 4 32,500 32,500 97,500 130,000 42,500 10,000 1 2 3 $70,000 35,000 17,500 $70,000 105,000 122,500 $70,000 35,000 17,500 4 7,500 130,000 10,000 Year a. b. Book Value, End of Year Balance Sheet = Liabilities Assets 2. 3. Statement of Cash Flows $23,300 15,250 Cash + $23,300 15,250 Equipment Accumulated Depreciation = + + Stockholders' Equity Retained Earnings Income Statement Gain Loss Problem 7-4 Name: Diana Kirkland Section: Problem 7-4 Score: 84% Key Code: 2 Instructions Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited. A red asterisk (*) will appear in the column to the right of an incorrect answer. 1. Depreciation Expense Accumulated Depreciation, End of Year 1 2 $32,500 32,500 $32,500 65,000 $107,500 75,000 3 4 32,500 32,500 97,500 130,000 42,500 10,000 1 2 3 $70,000 35,000 17,500 $70,000 105,000 122,500 $70,000 35,000 17,500 4 7,500 130,000 10,000 Year a. b. Assets 2. 3. Statement of Cash Flows $23,300 15,250 Cash + $23,300 15,250 Equipment $(140,000) (140,000) Book Value, End of Year Balance Sheet = Liabilities Accumulated Depreciation = + + Stockholders' Equity Retained Earnings Income Statement Gain LossStep by Step Solution
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