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pls help the last one (explaination) Forten Company's current year income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales
pls help the last one (explaination)
Forten Company's current year income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, and (4) all debits to Accounts Payable reflect cash payments for inventory. Additional Information on Current Year Trensactions a. The loss on the cash sale of equipnyeat was $5.125 fodetalls in by. b. Sold equipnyent costing $46.875, with accumulated deprectation of $30,125, for $11,625 cash. c. Pirchased equigment costing $96,375 by paying $30,000 cash and signing a long term notes payable for the butance. d. Pald $46125 cash to reduce the long term notes poyable. 6. Issued 2,500 strares of common shock far $20 cash per thare 4. Declared and paid cosh divkiends of $50.100. Fegulred: Prepare a conglete Matement of cish flows using a spreadsheet using the incliect nethod (Enter all amounts as poshive values.) Required information Forten Company's current year income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, and (4) all debits to Accounts Payable reflect cash payments for inventory. Additional Information on Current Year Trensactions a. The loss on the cash sale of equipnyeat was $5.125 fodetalls in by. b. Sold equipnyent costing $46.875, with accumulated deprectation of $30,125, for $11,625 cash. c. Pirchased equigment costing $96,375 by paying $30,000 cash and signing a long term notes payable for the butance. d. Pald $46125 cash to reduce the long term notes poyable. 6. Issued 2,500 strares of common shock far $20 cash per thare 4. Declared and paid cosh divkiends of $50.100. Fegulred: Prepare a conglete Matement of cish flows using a spreadsheet using the incliect nethod (Enter all amounts as poshive values.) Required information
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