statement of cash flow, balance sheet, income statement and changes in stockholder's equity
Font Alignment Clipboard A1 * A B 1 Given Data P07-24A: Font f 'Given Data P07-24A: D E C F G NORTHWEST SALES 9 10 11 12 Transactions for Year 1: 1. Cash received from sale of stock. 2. Purchase merchandise for cash. 3a.Cash sales. 3b.Credit card sales (4% service fee) 3c Sales on account. 3d Cost of Goods Sold 4. Collected receivables from credit card sales. 5. Collected accounts receivable. 6. Selling and administrative expenses. 7. AVR determined uncollectible. 200,000 900,000 520,000 380,000 300,000 710,000 14 210,000 190,000 5% 15 P07-21A Given P07-214 P07-24A Given P07-24 Ready O Type here to search De Student Name: Class Problem 07-24A Requirement a NORTHWEST SALES Effect of Transactions on Financial Statements Assets - Liabilities - Equity Revenue Expenses Net Income Cash Flows Event 2016 = OA 92․ Requirement b. NORTHWEST SALES Income Statement For the Year Ended Year 1 P07-21A Given P07-214 P07 24A Given P07-24A O Type here to search = E Wiap Test Arial - 10-AA BTU ---A- ES -% es Number Alignment G H D E F I J K L M AA B C Requirement b. NORTHWEST SALES Income Statement For the Year Ended Year 1 28 Sales Revenue Cost of Goods Sold Gross Margin Operating Expenses Credit Card Expense Selling and Administrative Expenses Uncollectible Accounts Expense Total Operating Expenses Net Income NORTHWEST SALES Statement of Changes in Stockholders 'Equity For the Year Ended Year 1 43 Beginning Common Stock Plus Stock Issued 45 Ending Common Stock 46 Beginning Retained Earnings 47 Plus Net Income 48 Ending Retained Earnings POT-21A Given P07-214 Red P0724A Given P07-24 # O Type here to search 01 8. BUL Clipboard board Font Alignment A B C D E F G H I J K L NORTHWEST SALES Statement of Changes in Stockholders 'Equity For the Year Ended Year 1 42 43 45 46 Beginning Common Stock Plus: Stock Issued Ending Common Stock Beginning Retained Earnings Plus: Net Income Ending Retained Earnings Total Stockholders' Equity 48 NORTHWEST SALES Balance Sheet As of December 31, Year 1 Assets Cash Accounts Receivable Less: Allowance for Doubtful Accounts Merchandise Inventory Total Assets Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity P07-21A Given P07-214 P07-24A Given P07-24A Ready O Type here to search NORTHWEST SALES Statement of Cash Flows For the Year Ended December 31, Year 1 Cash Flows from Operating Activities: Inflow from Customers Outflow for Inventory Outflow for Expenses Net Cash Flow for Operating Expenses Cash Flows from Investing Activities Cash Flows from Financing Activities: In flow from Stock Issued Net Cash Flow from Financing Activities Net Change in Cash Plus: Beginning Cash Balance Ending Cash Balance
