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prepare the statement of cash flows using the indirect method. Include an accompanying schedule of non-cash investing and financing activities Accountants for Johnson, Inc. have
prepare the statement of cash flows using the indirect method. Include an accompanying schedule of non-cash investing and financing activities
Accountants for Johnson, Inc. have assembled the following data for the year ended December 31, 2018 Click the icon to view the current accounts.) (Click the foon to view the transaction data) Prepare Johnson's statement of cash flows using the Indirect method. Include an accompanying schedule of nan cash investing and financing activities Complete the statement one section at a time beginning with the cash flows from operating activities (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box emply, do not select a label or enter a zero) Johnson, Inc. Statement of Cash Flows Year Ended December 31, 2018 Cash Flows from Operating Activities Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities Net Cash Provided by (Used for) Operating Advies Cash Pows from Investing Activities: MER Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, December 31, 2017 III Cash Balance, December 31, 2018 Non-cash Investing and Financing Activities: Total Non-cash Investing and Financing Activities - - Data table 2018 2017 24,000 Current Assets: Cash Accounts Receivable Merchandise Inventory Current Liabilities: Accounts Payable Income Tax Payable $ 101,900 $ 64,600 82,000 69,600 78,000 57,700 15,000 56,000 17,200 Data table $ 48,100 Transaction Data for 2018: Issuance of common stock for cash Depreciation expense Purchase of equipment with cash Acquisition of land by issuing long-term notes payable Book value of building sold $ 41,000 25,000 76,000 118,000 50,000 Payment of notes payable Payment of cash dividends Issuance of notes payable to borrow cash Gain on sale of building Net income 52,000 65,000 5,500 72,500 Print Done Acquisition of Land by Issuing Long-term Notes Payable Cash Payment of Dividends Cash Payment of Notes Payable 1 Cash Payment for Acquisition of Equipment Cash Receipt from Issuance of Common Stock Cash Receipt from Issuance of Notes Payable 1 1 Cash Receipt from Sale of Building Decrease in Accounts Receivable Decrease in Income Tax Payable Depreciation Expense Gain on Sale of Building Increase in Accounts Payable Increase in Merchandise Inventory Step by Step Solution
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