Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Problem 1 1 - 2 Statement of Cash Flows for February 1 to February 2 8 , 2 0 2 3 Problem 1 1 -

image text in transcribed
Problem 11-2 Statement of Cash Flows for February 1 to February 28,2023 Problem 11-1 Larry's Landscaping January Statement of Cash Flows Problem 11-1 Statement of Cash Flows for January 1 to January 31,2023
Larry's Landscaping
Statement of Cash Flows (Indirect Method)
for the Period January 1 to January 31,2023
Cash Flows from Operating Activities
Net Income
Cash Provided by Operating Activities
Cash Flows from Investing Activities
Cash Provided (Used) by Investing Activities
Cash Flows from Financing Activities
Cash Provided by Financing Activities
Increase in Cash from Jan. 1 to Jan. 31,2023
Beginning Cash Balance January 1,2023
Increase in Cash from Jan. 1 to Jan. 31,2023
The following are the Balance Sheets for Larry's Landscaping as of December 31,2022(the end of
last period) and January 31,2023(the end of this period):
Larry's Landscaping
Balance Sheets
as of the End of December 2022 and January 2023
The following is additional information for the period January 1 to January 31,2023:
1,000 shares of $1.00 par value common stock was issued at a price of $10.00 per share.The following are the Balance Sheets for Larry's Landscaping as of December 31,2016(the end of last period) and January 31,2017(the end of this period): Larry's Landscaping Balance Sheets as of the End of December 2016 and January 2017 The following is additional information for the period January 1 to January 31,2017 : 1,000 shares of $ 1.00 par value common stock was issued at a price of $ 10.00 per share. Use the following to complete this problem: A copy of the blank Cash Flow Worksheet located in the workbook named 11-12 Blank Cash Flow Worksheet. This workbook is located in the Solid Footing 10 e folder. The form "Statement of Cash Flows for January 1 to January 31,2017" located on Pg 237. Requirement 1 Prepare a Cash Flow Worksheet for the period January 1 to January 31,2017. Tip: The "This Period" Balance Sheot (January 31,2017) is shown above on the left and the "Last Period" Balance Sheet (December 31,2016) is shown on the right. When you put these Balance Sheets on your Cash Flow Worksheet, you should switch that order-that is, you should put the "Last Period" Balance Sheet on the Cash Flow Worksheet first and then put the "This Period" Balance Sheet to the right of the "Last Periad" Balance Sheet. Requirement 2 Utilizing the data from the Cash Flow Worksheet prepared in Requirement 1- prepare a Statement of Cash Flows for the period January 1 to January 31,2017./r/n Problem 11-1 Statement of Cash Flows for January 1 to January 31,2017 Larry's Landscaping Statement of Cash Flows (Indirect Method) for the Period January 1 to January 31,2017 Cash Flows from Operating Activities Net Income Cash Provided by Operating Activities Cash Flows from Investing Activities Cash Provided (Used) by Investing Activities Cash Flows from Financing Activities Cash Provided by Financing Activities : Increase in Cash from Jan. 1 to Jan. 31,2017 Beginning Cash Balance January 1,2017 Increase in Cash from Jan. 1 to Jan. 31,2017 Ending Cash Balance January 31,2017/r/n Problem 11-2 Larry's Landscaping February Statement of Cash Flows The following are the Balance Sheets for Larry's Landscaping as of January 31,2017(the end of last period) and February 28,2017(the end of this period): Larry's Landscaping Balance Sheets as of the End of January and February 2017 The following is additional information for the period February 1 to February 28,2017: Equipment was purchased for $ 25,000 cash. A Building was purchased for $ 100,000 cash. Land was purchased for $ 20,000 cash. $ 100,000 cash was borrowed on a Long-Term Note from the bank. 5,000 shares of $ 1.00 par value common stock were issued at a price of $ 10.00 per share. Use the following to complete this problem: The Cash Flow Worksheet in the workbook 11-12 Blank Cash Flow Worksheet The form "Statement of Cash Flows for February 1 to February 28,2017" on Pg 238. Requirement 1 Prepare a Cash Flow Worksheet for the period February 1 to February 28,2017. Requirement 2 Utilizing the data from the Cash Flow Worksheet prepared in Requirement 1- prepare a Statement of Cash Flows for the period February 1 to February 28,2017./r/n Problem 11-2 Statement of Cash Flows for February 1 to February 28,2017
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horngrens Accounting

Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood

10th Canadian edition Volume 1

978-0134213101, 134213106, 133855376, 978-0133855371

More Books

Students also viewed these Accounting questions