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is this cash flow statement corrected? could u help me figure out how to calculate every step? I don't know how to get every number
is this cash flow statement corrected?
could u help me figure out how to calculate every step?
I don't know how to get every number from the first horizontal finical statement. (like cash payments fro expense)
Balance Sheet Income Statement Cash Flows Event Event Num Desc Accounts Receivable Assets Prepaid Rent Interest Receivable Accounts Payable Liabilities Salary Payable Unearned Revenue Notes Payable Stockholders' Equity Common Retained Stock Earnings 20.000 Supplies Land Revenue Expense Net Income Cash 20.000 Amount 20,000 - BOD 800 - 14,000 (14000) (800) - (14,000 (800) 1800) 1 issue stock 2 buy supplies 3 buy land 4 paid on AVP 5 earn revenue 6 paid expense 7 get cash from AR 8 recognize accrued salary expense 9 recognize deferred supplies expense 10,500 - 10,500 Itern FA N/A N/A N/A - 10,500 (3 800) 10,500 (3.800) (3,800) 7.000 (3 800) 13,8001 7,000 17,0001 3.500 - (3,500) (3.600 1700) (3,500) 1700) (7001 1700) Tatals Year 1 8.400 3,500 100 14,000 3,500 20.000 2,400 10,500 (8,100) 2,400 8,400 Balance Sheet Income Statement Cash Flows Event Event Num Desc Accounts Receivable 3,500 Assets Prepaid Rent Interest Receivable Accounts Payable Supplie: Liabilities Selary Payable 3,500 Unearned Revenue Stockholders' Equity Common Retained Stock Earnings 20.000 2400 Notes Payable Revenue Expense Net Income Amount Land 14,000 100 - 15,000 Cash 8.400 15,000 (3.600) (9.000) 14,000 6,000 - - - (3600) - 9,000 - 15,000 13,6001 19.0001 14,000 6,000 (14,000 . . 6,000 - - - - 2.400 2400 - - - 24,500 24,500 24,500 Beginning Balances 1 issue stock 2 paid on salary payable 3 paid lease in advance 4 sell land for cost 5 ge cash in advance for services 6 buy supplies 7 earn revenue 8 get cash from AVR 9 paid dividend 10 paid expenses 11 recognize deferred rent expense 12 recognize deferred revenue 13 recognize deferred supplies expense 14 recognize accrued salary expense 15 recognize accrued interest revenue 24,500 (12,5001 Itern N/A FA OA IA N/A N/A OA FA N/A N/A N/A N/A N/A N/A - 12,600 (2.000) (2,850) 12,600 12,0001 12,850 - (2850) (7,500) (7,500) (1,500) (2000) (2850) (7,500) 1,500 (7,200) (4.800) 500 1,500 (2850) (7,500) 1,500 (2,200) (4800) 500 12,2001 4200 (2.200) (4800) () 500 500 Tatals Year 2 38,550 15,400 1,500 300 500 2,400 4800 4,500 35.000 9,550 26.500 (17,350) ) 9,150 30,150 Company Statement of Cash Flows For the Period Ended Month Date, Year 1 and Year 2 Year 2 Year 1 Cash Flow from Operating Activities Cash Receipt from Customers $ 18,600 $ 7,000 Cash Payments for Expenses $ (15,450) $ (4,600) Net Cash Flow Provided by Operating Activities $ 3,150 $ 2,400 Cash Flow from Investing Activities Cash Payment for Land Cash Proceeds from sale of Land $ (14,000) $ 14,000 Net Cash Flow Used in Investing Activities $ 14,000$ (14,000) Cash Flow from Financing Activities Cash Receipts from stock Issue Cash Payment for Dividends 20,000 $ 15,000 $ $ (2,000) Net Cash Flow Provided by Financing Activities $ 13,000 $ 20,000 8,400 Net Increase in Cash Plus: Beginning Cash Balance Ending Cash Balance $ 30,150 $ $ 8,400 $ $ 38,550 $ 8,400Step by Step Solution
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