Indirect & Direct Method

Dr Cr 35,800 Account Titles Cash Gain on Sale of Marketable Securities Marketable Securities 3.800 32,000 Plant Assets 74.600 44,600 Cash Notes Payable 35,000 Cash 3,500 42,000 Accumulated Depreciation Loss on Sale of Plant Equipment Equipment 2.700 48,200 14,500 Retained Earnings (Dividends Declared) Cash 14,500 8.000 Cash Notes Payable 8,000 Cash 53,800 Common Stock 25,000 APIC 50,000 Bonds Payable Cash 50,000 INDIRECT: CASH 11,400 Accounts Receivable 19,300 Merchandise Inventory 16,300 Beg Beg Beg OPERATING: End 20,900 End 19,400 Loss on Sale of Equip: 2,700 3,800 Gain on Sale of MS Prepaid Insurance 11,600 Beg Beg Marketable Securities 45,700 32,000 13,700 End 10,2001 End Accum. Depr. 56,700 Beg Beg Plant Assets 182,400 44,600 208,800 End 34,100 End Accounts Payable 8,400 Salaries Payable 7,700 Beg Beg 11,000 End 3,800 End INVESTING: Sold Mark Securities: 35.800 Sold Equipment: 3,500 44,600 Purch Plant Assets Income Taxes Payable 3,800 Long-Term Notes Payable 40,000 Beg Beg 3,200 End 62,000 End FINANCING: Bonds Payable 50,000 Common Stock 60,000 Beg Beg 10 End 85,000 End APIC 24,000 Retained Earnings 36,100 Beg Beg End 8,800 52,800 End 29,900 End DIRECT: CASH Beg 11,400 OPERATING: Cash Receipts From: Cash Payments For: Accounts Receivable 19,300 Merchandise Inventory 16,300 Beg Beg End 20,900 End 19,400 Prepaid Insurance 11,600 Marketable Securities 45,700 Beg Beg End 10,2001 End 13,700 Plant Assets 182,400 Accum. Depr. 56,700 Beg Beg End 208,800 34,100 End Accounts Payable 8,400 Salaries Payable 7,700 Beg Beg INVESTING: 11,000 End 3,800 End Income Taxes Payable 3,800 Long-Term Notes Payable 40,000 Beg Beg 3,200 End 62,000 End FINANCING: Bonds Payable 50,000 Common Stock 60,000 Beg Beg 0 End 85,000 End APIC 24,000 Retained Earnings 36,100 Beg Beg End 8,800 52,800 End 29,900 End Dr Cr 35,800 Account Titles Cash Gain on Sale of Marketable Securities Marketable Securities 3.800 32,000 Plant Assets 74.600 44,600 Cash Notes Payable 35,000 Cash 3,500 42,000 Accumulated Depreciation Loss on Sale of Plant Equipment Equipment 2.700 48,200 14,500 Retained Earnings (Dividends Declared) Cash 14,500 8.000 Cash Notes Payable 8,000 Cash 53,800 Common Stock 25,000 APIC 50,000 Bonds Payable Cash 50,000 INDIRECT: CASH 11,400 Accounts Receivable 19,300 Merchandise Inventory 16,300 Beg Beg Beg OPERATING: End 20,900 End 19,400 Loss on Sale of Equip: 2,700 3,800 Gain on Sale of MS Prepaid Insurance 11,600 Beg Beg Marketable Securities 45,700 32,000 13,700 End 10,2001 End Accum. Depr. 56,700 Beg Beg Plant Assets 182,400 44,600 208,800 End 34,100 End Accounts Payable 8,400 Salaries Payable 7,700 Beg Beg 11,000 End 3,800 End INVESTING: Sold Mark Securities: 35.800 Sold Equipment: 3,500 44,600 Purch Plant Assets Income Taxes Payable 3,800 Long-Term Notes Payable 40,000 Beg Beg 3,200 End 62,000 End FINANCING: Bonds Payable 50,000 Common Stock 60,000 Beg Beg 10 End 85,000 End APIC 24,000 Retained Earnings 36,100 Beg Beg End 8,800 52,800 End 29,900 End DIRECT: CASH Beg 11,400 OPERATING: Cash Receipts From: Cash Payments For: Accounts Receivable 19,300 Merchandise Inventory 16,300 Beg Beg End 20,900 End 19,400 Prepaid Insurance 11,600 Marketable Securities 45,700 Beg Beg End 10,2001 End 13,700 Plant Assets 182,400 Accum. Depr. 56,700 Beg Beg End 208,800 34,100 End Accounts Payable 8,400 Salaries Payable 7,700 Beg Beg INVESTING: 11,000 End 3,800 End Income Taxes Payable 3,800 Long-Term Notes Payable 40,000 Beg Beg 3,200 End 62,000 End FINANCING: Bonds Payable 50,000 Common Stock 60,000 Beg Beg 0 End 85,000 End APIC 24,000 Retained Earnings 36,100 Beg Beg End 8,800 52,800 End 29,900 End