Question 5 On January This information is for Oriole Company for the year ended December 3H, 2017 Cash received from lenders $22,200 Cash received from customers 45,800 Cash paid for new equipment 29,900 Cash dividends paid 7,600 Cash paid to suppliers 16,800 Cash balance 1/1/17 12,400 (a) Prepare the 2017 statement of cash flows for Oriole Company. (List negative amounts either with a negative sign preceding the number e.g. -15,000 or in parentheses e.g. (15,000).) Oriole Company Statement of Cash Flows Exercise 2-3 Suppose the following items were taken from the December 31, 2017, assets section of the Boeing Company balance sheet. (All dollars are in millions.) Inventory $15,500 Patents $11,000 Notes receivable-due after December 31, 2018 4,500 Buildings 20,000 Notes receivable-due before December 31, 2018 300 Cash 7,000 Accumulated depreciation-buildings 12,000 Accounts receivable 5,500 Debt investments (short-term) 1,500 Prepare the assets section of a classified balance sheet. (List the current assets in order of liquidity.) Boeing Company Partial Balance Sheet (in millions) Assets Question &On January 1, 2017, vanhoe Company Had Exercise 3-5 Pharoah Company, a computer services company, entered into these transactions during May 2017, its frst month of operations 1. Stockholders invested $43,500 in the business in exchange for common stock of the company. 2. Purchased computers for office use (recorded as tquipment) for $34,600 from Ladd on account. Paid $4,400 cash for May rent on storage space Performed computer services worth $19,400 on account 4. 5. Performed computer services for Wharton Construction Company for $5,100 cash Paid Western States Power Ca. $7,200 cash for energy usage in May 7 Paid Ladd for the computers purchased in (2). 8. Incurred advertising expense for May of $2.400 on account 9. Recaived $10,500 cash from custemers for contracts billed in (4). Using the folowing tabular analysis, show the effect of each transaction on the accounting equation. Put explaratiens for changes to revenues or expenses in the right-hand column. (Ifa transaction causes a decrease in Assets, Liabilities or Stockholders Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Labilities Stockhelders' Equity Accounts Recelvable Equipment Cash Acceunts Payable Commen Steck Retained Earnings Revenues Expenses (1) (2) (31 (4 (5) (6) (7) (8) (9) Question Attampts: of 5 used "Exercise 4-9 A partial tabuar summary for Sheridan Company on March 31 of the current year incdudes the selected accounts below before adjusting entries have been prepared. Assets Liabilities Stockholders Equity Acc. Depr.- Equie Reatined Earnings Int. Unearn, Rent Com Stock+Rev Exp. Dlv Supplies+ Prepaid Insurance Eoup Pay, +Notes Pay Rey. Bal 3.740 1,890 28,300 8,490 18,500 11,400 An analysis of the accounts shows the following The equipment depreciates s200 per month Half of the unearned rent revenue was eamed during the quarte 2. Interest of $550 is sccrued on the notes payable. Supples on hand total $910 Insurance expires t the rate of 210 per month. Prepare a tabdar summary te reord adjustments at March 31, suming that adjustments are made quarter (or parenthesas) in front of the amount entered for the particular Asset, Liability or Eguity item a tranaction reste in decrease in Assets Lb or SteckholdersEuty, place a nepatlve sign was reduced.) Assets Liabilities Stockholderse Equity Acc Depr Equp. Ire Pay Retaned Earnngs Uneam Rnt Supplies +Prepaid Inurance 1,899 Con Stock Equip Notes Fay Ray Exp. Bel. 3,240 Oiv 28,300 8.490 18,500 11.400 1 Ovestion Aetempte: 0 ef 5 ueed
