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Information for XYZ Co. Account Description 12/31/2017 12/31/2016 Assets Cash & Cash Equivalents 45,000 13,000 Accounts Receivable 91,000 88,000 Equipment 139,000 22,000 Accumulated Depreciation -

Information for XYZ Co.

Account Description 12/31/2017 12/31/2016
Assets
Cash & Cash Equivalents 45,000 13,000
Accounts Receivable 91,000 88,000
Equipment 139,000 22,000
Accumulated Depreciation - Equipment (17,000) (11,000)
Total Assets 258,000 112,000
Liabilities & Stockholders' Equity
Accounts Payable 20,000 15,000
Bonds Payable 100,000 0
Common Stock 100,000 80,000
Retained Earnings 38,000 17,000
Total Liabilities & Stockholders' Equity 258,000 112,000

Additional Information

(A) Net income for 2017 was $44,000.

(B) New equipment was purchased in 2017 but none was sold.

(C) Cash dividends of $23,000 were declared and paid in 2017.

(D) $100,000 of equipment was acquired by the issuance of Bonds Payable.

Step 5 Complete the Financing Activities section of the Cash Flow Statement. Financing Activities represent either amounts that:

(a) Are received from owners (i.e., capital contributions from owners or proceeds from sale of the companys stocks or bonds to 3rd parties), or distributions of cash back to owners (i.e., dividends paid to owners)

(b) A company borrows from a bank or other lender, and the principal payments made by the company to repay the loans (interest paid by the company is charged to interest expense which is a reduction of Net Income in the Operating Activities section)

Description Amount
Net Cash Provided By (Used In) Financing Activities

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