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Solve this problems please help me!!!! 24. Prepare Cash Flow Statement Company Y.Balance Sheets.De 31 54,00037 45000 70000 25000 decrease Accumulated Depreciation Building 21000 -11000

Solve this problems please help me!!!! image text in transcribed
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24. Prepare Cash Flow Statement Company Y.Balance Sheets.De 31 54,00037 45000 70000 25000 decrease Accumulated Depreciation Building 21000 -11000 10000 increase 193000 68000 125000 Increase 28000 -1000 18000 increase Accumulated Depreciation Equipment Total Liabilities and stockholder's equity Accounts payable Bonds payable Common Stock Retained Earnings 533,000 $40,000 $7000 decrease 10000 150000 40000 decrease 220000 60000 160000 increase 206000 135000 700 screse Total 569000 386000 Company Y. Income Statement. Dec.31 2010 $890,000 Cost of Goods Sold Operating expenses Interest expense Loss on sale of equipment Income from operations Income tax Net income Additional Information $465,000 5221,000 515,000 700000 190000 65000 1 Operating expense include depreciation expense of $33000. 2. Land was sold for cash 3. Dividends of $ 55000 were paid 4, Interest expense were paid by cash. 5 Equipment of $166000 were purchased on cash. Equipment with a cost $41000 and book value of $36000 was sold for $34000 6.Bonds of $10000 were returned. Bonds ofl $30000 were converted into common stock 7. Common stock of $130000 was issued for cash 25. Donna Polonsky opened a secretarial school called Village Business School, a. She contributed the following assets to the business: Cash Word processors Office equipment 7200 b. Found a location for the business and paid the first month's rent, $520. e Paid for an advertisement announcing the opening of the school, $380. d. Received applications from three students for a four-week secretarial program and two students for a ten-day course. The students will be billed a total of $2,600. e Purchased supplies on credit, $660. f Billed the enrolled students, $2,600. g Paid an assistant one week's salary, $440. h. Purchased a word processor, $960, and office equipment, $760, on credit. i. Paid for the supplies purchased on credit in e, $660. J. Repaired a broken word processor, paid cash, $80. k. Billed new students who enrolled late in the course, $880. 1. Transferred cash to a personal checking account, s600. $11400 8600

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