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PAIR COMPANY For Year Ended December 31, 2011 Sales 5700.000 Wages and other opening expens Depron x 95300 22.000 Ann 1,300 6.300 Ca 5.000
PAIR COMPANY For Year Ended December 31, 2011 Sales 5700.000 Wages and other opening expens Depron x 95300 22.000 Ann 1,300 6.300 Ca 5.000 500.000 DAIR COMPANY Dec. 31,2011 Dec. 31.250 $-15.000 $22.030 100.000 112030 256,000 229130 Acupun 2000 (84,000) 42,000 54030 T 55:27.000 5458130 Accounts payable $30,000 $26.130 Inc 2.000 2,000 Ben C 65.000 zu100 6030 117.030 172.000 100.030 During 2011, the company sold for $17,000 cash old equipment that had cost $16,000 and had $19,000 accumulated depreciation. Also in 2011, new equipment worth $65,000 was acquired in exchange for $85,000 of bonds payable, and bonds payable of $117,000 were retired for cash at a loss. A $21,000 cash dividend was declared and paid in 2011. Any stock issuances were for cash. a) Compute the change in cash that occurred in 2011. Can December 31, 2011 Can December 31, 2310 Carduring 2011 jo) Prepare a 2011 statement of cash flows using the direct method. Use one cash flow for cash paid for wages and other operating expenses." Accounts payable relate to inventory purchases only. HINT: Use negative signs with your answers, when appropriate DAIR COMPANY State of Cash Flows For Year Ended Deceber 31, 2011 Cash received from cu Cash pad for merchand purchase Cach paid for get other operating expenses Cash for Not cash provided by opin Cashflows from bance of common k Net cashed by finding Cabing Car (c) Prepare separate schedules showing (1) cash paid for interest and for income taxes and noncash investing and financing transactions (11Suppl Cad for com Schedule of Nonching and Financing of Palet
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