Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In every question I need the original numbers change to the September start dates. The dates are labeled. I need this done for every section.
In every question I need the original numbers change to the September start dates. The dates are labeled. I need this done for every section. Please take a look and let me know
Ash LISTEN TO AUDIO/VIDEO EXPLAINING THE GUIDANCE REPORT Exercise/ Account to Problem be changed Ch 1 Ex 2 Net income Depreciation Accounts payable Questions Original Amount 107000 12600 21000 YOUR ANSWERS BASED UPON COURSE START DATE Net Income Accounts receivable Inventory Accounts payable Depreciation Cash Flow from Operating Activities Account to be changed Ch 1 Ex 3 Net Income Trade accounts receivable Merchandise inventory Accumulated depreciation: equipment Accounts payable Accrued liabilities Gain on sale of investments Original Amount 110000 245000 230000 120000 190000 38000 18000 YOUR ANSWERS BASED UPON COURSE START DATE Net Income Trade accounts receivable Merchandise inventory Accumulated depreciation: equipment Accounts payable Accrued liabilities Gain on sale of investments Cash Flow from Operating Activities Ch 1 Ex 6 Account to be changed New equipment purchased Depreciation expense Original Amount Dec. 31, 20X4 280000 41000 YOUR ANSWERS BASED UPON COURSE START DATE Cost of equipment sold Accumulated depreciation of sold equipment Selling price of equipment sold Sale of equipment on cash flow statement Ch 1 Pb 2 Account to be changed Accounts payable decreased Accounts receivable increased Prepaid expenses increased wages payable increased Income taxes payable decreased Original Amount 32800 23700 2400 5600 800 YOUR ANSWERS BASED UPON COURSE START DATE Direct Method Cash collected Less cash paid for: Inventory Selling & administrative Interest expense Income taxes Net cash provided by operating activities Indirect Method Net income Accounts payable decreased Accounts receivable increased Prepaid expenses increased wages payable increased Inventory Income taxes payable decreased Depreciation Gain on sale of equipment Net cash provided by operating activities CH 1 Pb 3 Account to be changed Accounts receivable (net) Inventory Accounts payable Taxes payable Sales Net income Long tem investments purchased Sale of land cash proceeds Store equipment purchased - short term note Purchased equipment issue 3000 pref shares Long term note repaid Common stock issued - shares Original Amount 83800 243400 123600 43600 713800 145800 74600 76200 44000 150000 49400 20000 YOUR ANSWERS BASED UPON COURSE START DATE Prepare the operating activities section of the statement of cash flows by using the direct method. Cash collected Less cash paid for: Inventory Selling & administrative Interest expense Income taxes Net cash provided by operating activities Prepare the operating activities section of the statement of cash flows by using the indirect method. Net income Accounts receivable Inventory Prepaid expenses Accounts payable Taxes payable Interest payable Accrued liabilities Gain on sale of land Depreciation Net cash provided by operating activities Prepare the investing and financing activities sections of the statement of cash flows. Cash flows from investing activities Purchase of long-term investments Proceeds from sale of land Net cash provided by investing act. Cash flows from financing activities Repayment of long-term note Issuance of common stock* Dividends paid Net cash used by financing activities * 20,000 shares X $5.19 = $103,800 Note: The store equipment and telecommunications system transactions would be reported as noncash investing/ financing activities Ashford University ACC206 Guidance Report Week One YELLOW INDICATES ACCOUNT AMOUNTS CHANGED Change Account to: Based Upon Course Start Date Jan-Feb $ $ $ Mar-Apr May-Jun Jul-Aug 109,000 $ 111,000 $ 113,000 $ 13,000 $ 15,000 $ 16,000 $ 22,000 $ 23,000 $ 24,000 $ Sept-Oct 115,000 $ 120,000 18,000 $ 20,000 25,000 $ 26,000 Jan-Feb Mar-Apr May-Jun Jul-Aug Sept-Oct $ 112,000 $ 114,000 $ 116,000 $ 117,000 $ 118,000 $ 246,000 $ 248,000 $ 249,000 $ 250,000 $ 255,000 $ 231,000 $ 232,000 $ 232,000 $ 235,000 $ 240,000 $ 121,000 $ 122,000 $ 124,000 $ 125,000 $ 130,000 $ 191,000 $ 193,000 $ 194,000 $ 195,000 $ 200,000 $ 39,000 $ 40,000 $ 41,000 $ 45,000 $ 45,000 $ 18,000 $ 18,000 $ 18,000 $ 18,000 $ 18,000 Jan-Feb Mar-Apr May-Jun Jul-Aug Sept-Oct 1, 20X4 $ $ 290,000 42,000 $ $ 295,000 43,000 $ $ 296,000 44,000 $ $ 297,000 45,000 $ $ 298,000 46,000 Jan-Feb Mar-Apr May-Jun Jul-Aug Sept-Oct $ 33,800 $ 34,800 $ 35,800 $ 36,800 $ 37,800 $ 24,275 $ 24,850 $ 25,425 $ 26,000 $ 26,575 $ 2,975 $ 3,550 $ 4,125 $ 4,700 $ 5,275 $ 6,175 $ 6,750 $ 7,325 $ 7,900 $ 8,475 $ 1,375 $ 1,950 $ 2,525 $ 3,100 $ 3,675 Jan-Feb Mar-Apr May-Jun Jul-Aug $ 84,800 $ 85,800 $ 86,800 $ $ 244,400 $ 245,400 $ 246,400 $ $ 124,600 $ 125,600 $ 126,600 $ $ 44,600 $ 45,600 $ 46,600 $ $ 718,000 $ 723,000 $ 728,000 $ $ 150,000 $ 155,000 $ 160,000 $ $ 75,600 $ 76,600 $ 77,600 $ $ 77,200 $ 78,200 $ 79,200 $ $ 45,000 $ 46,000 $ 47,000 $ $ 151,000 $ 152,000 $ 153,000 $ $ 49,900 $ 50,400 $ 50,900 $ 20500 21000 21500 Sept-Oct $ 88,800 $ 248,400 $ 128,600 $ 43,600 $ 738,000 $ 170,000 78,600 $ 79,600 80,200 $ 81,200 48,000 $ 49,000 154,000 $ 155,000 51,400 $ 51,900 22000 22500 87,800 247,400 127,600 47,600 733,000 165,000 Nov-Dec $ 121,000 $ 21,000 $ 27,000 Nov-Dec $ 120,000 $ 256,000 $ 241,000 $ 141,000 $ 201,000 $ 46,000 $ 18,000 Nov-Dec $ $ 299,000 47,000 Nov-Dec $ 38,800 $ 27,150 $ 5,850 $ 9,050 $ 4,250 Nov-Dec $ 89,800 $ 249,400 $ 129,600 $ 43,600 $ 748,000 $ 180,000 $ 80,600 $ 82,200 $ 50,000 $ 156,000 $ 52,400 23000Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started