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Preparing the Financial Statements Listed below are items reported on the financial statements of the Manhattan Company as of June 30, 2013: Cash flow provided
Preparing the Financial Statements Listed below are items reported on the financial statements of the Manhattan Company as of June 30, 2013: Cash flow provided by operating activities $67,200 Cash at June 30, 2012 28,800 Cash at June 30, 2013 51,200 Inventory 17,600 Accounts receivable 39,040 Cash flow from investing activities (48,960) Other current assets 4,800 Property, plant and equipment 128,000 Other long-term assets 56,000 Cash flow from financing activities 4,160 Current liabilities 70,400 Long-term liabilities 58,400 Intangible assets 30,400 Common stock 102,000 Retained earnings Required Prepare a classified balance sheet as of June 30, 2013, and statement of cash flows for 2013. NOTE: Use negative signs with your answers if shown in the above table as a negative number, Journal Entries Income Statement Assets MANHATTAN COMPANY Balance Sheet June 30,2013 Liabilities & Stockholders' Equity Liabilities: $ $ Long-term Liabilities Current Assets: Inventory Total Liabilities Total Current Assets Stockholders' Equity Long-term Assets: Intangible Assets Total Stockholders' Equity Total Long-term Assets Total Assets Total Liabilities and Stockholders' Equity $
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