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This Statement of Cash Flows Is Incorrect. What other financial statements do you need to develop statement of cash flows to get the right #'s?
This Statement of Cash Flows Is Incorrect. What other financial statements do you need to develop statement of cash flows to get the right #'s? Thanks
What other information do you need?
Ok Balance Sheet + Income Statement are included now.
Ok previous year balance sheet and income statement are added.
board 21 Font Alignment 13500 B D A Byte of Accounting, Inc. Post Closing Trial Balance As of December 31, 2019 Credit Debit 23,330 00 30,000.00 800.00 2,300.00 900.00 61,100.00 Account Number Name 1110 Cash 1120 Accounts Receivable 1121 Allowance for Doubtful Accounts 1140 Prepaid Rent 1150 Supplies 1211 Office Equipment 1212 Accum Depr.-Office Equip 1311 Computer Equipment 1312 Accum, Depr-Computer Equip 2101 Accounts Payable 2105 Salaries and Wages Payable 2108 Income Taxes Payable 3100 Common Stock 3120 Paid-in Capital in Excess of Par 3200 Putained Earnings Total 5 800 00 22,500.00 4.500.00 47 330.00 900.00 6,000 00 37.500.00 13,500.00 24,000.00 140.130.00 140.130.00 Post Closing TB Last Year Trial Balance Nov. 30 Transactions Adjusting Trans Type here to search o Unadjusted Trial Balance Debit Credit 37,675.00 26,000.00 5 600.00 2,300.00 2,700.00 61,100.00 5,800.00 Account 7 Number Name 1110 Cash 1120 Accounts Receivable 0 1121 Allowance for Doubtful Accounts 1 1130 Prepaid Insurance 2 1140 Prepaid Rent 3 1150 Supplies 4 1160 Inventory 5 1211 Office Equipment 6 1212 Accum Depr-Office Equip. 7 1311 Computer Equipment B 1312 Accum. Depr -Computer Equip 2101 Accounts Payable 2102 Unearned Revenue 1 2103 Interest Payable 2 2105 Salaries and Wages Payable 3 2106 Income Taxes Payable 2202 Notes Payable 3100 Common Stock 5 3120 Paid-in Capital in Excess of Par 7 3200 Retained Earnings 3 3300 Dividends 22,500.00 4.500.00 3.665.00 37.500.00 13,500.00 24,000.00 420,000.00 2 3 1 25,300.00 99,000.00 3.960.00 13,640.00 4100 Sales Revenue 5010 Rent Expense 5020 Salaries and Wages Expense 5030 Advertising Expense 5040 Maintenance & Repairs Expense 5080 Supplies Expense 5090 Interest Expense 5100 Insurance Expense 5110 Depreciation Expense 5120 Bad Debt Expense 5140 Telephone and Internet Expense 5150 Income Tax Expense 5300 Cost of Goods Sold Total 5.390.00 210,000.00 509,565.00 509.565.00 Trial Balance Noy, 30 T Post Closing TB Last Year Current Assets $308 61020 $ 20,794 00 1,05755 Accounts Receivable Allowance for Doubtful Accounts Net Receivable Prepaid insurance Prepaid Rent Supps Inven 19,736,45 5.585.00 2.300.00 2.168.00 402.00 338.781.65 Total $ Long-Term A Office towment Accum Deo-Office Equip Net Office Equipment Computer Equipment Accum Dep.Computer Equip Net Computer Equipment Total Total Assets 05.600.00 11 683.13 $ 22 500,00 9,000.00 53.916 87 5 13 500 00 67416.87 406.198.52 S Liabilities 5 Current Liabilities Accounts Payable Uneamed Revenue Interest Payable Salaries and Wages Payable care Taxes Payable 19.304.00 7 965.00 21.15 1.350.00 3.837 99 37 478.14 $ 4,050.00 -Term Liabilities Notes Payable Bond Payable Premium on Bond Payable Net Band Payable Total Total Liabilities S180 000.00 12051.18 192,051.18 196 101 18 S23 57932 Stockholder's Equity $ Paid in Capital Con Stock Paid-Captain Excess of Por Fotond Earnings Total Stockholder's Equity Total Liabetes and stockholder's Equity 07 500.00 21.500,00 53,619 20 1228.19.20 E B C D For Year Ending December 31, 2020 Revenues Sales $ 450,072.00 Cost of Goods Sold 225,077.00 Gross Profit $ 224,995.00 Operating Expenses Rent Expense Satanies and Wages Expense Advertising Expense Maintenance & Repairs Expense Supplies Expense Interest Expense o Expense Lotion Expense of Expense Done and Internet Expense $ 27 600.00 107 100.00 4.810.00 14 905.00 782.00 11 282.13 795.00 10,383.13 935,55 6,020.00 184,612 81 Net Income Before Tax $ 40,382 19 Income Tax Expense mund te ndecimal aces (8,83799) Net Income After Tax Income Statement Stockholders Equity $ 31,544 20 Balance Sheet Cash Flow Ine here to search BC D A Byte of Accounting Statement of Cash Flows - Indirect Method For Year Ending December 31, 2020 Cash Flow from Operating Activities 53120 $10,3893 9.605.00 CE500) (78200 Net Income Adjustments to reconcle net come to net cas nows from operating activities Depreciation expenses Decrease in accounts receivable increase in prepaid insurance Change in prepaid rent increase in supplies Change in inventory increase in tables increase in income tax payable Net cash Tows from operations Cash Flows from investing Activities Purchase of equipment Net cash flows from investing activities Cash Flows from Financing Activities Issuance of common stock Podds from issuance of bonds payable Payment of cash dividends Wat cash flow from financing activities Net increase (ecrease in cash Cash at the beginning of the period Cash of the end of the penod 5.186.15 6.837.09 33346527 $ 22,00 00 3.500.00 5 37.500.00 180,000.00 1025.00 28900 $300.525 20 5.308, 6100 Noncash Activities Purchased equipment by issuing note payable S2250000 "Change in payables Income Statement Stockholders Equity Balance Sheet Cash Flow Post Type here to search OStep by Step Solution
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