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| Jewellers Corp | ||
| Statement of cash flows | ||
| For the Year Ended December 31, 2019 | ||
| Statement of cash flow effects | Amount($) | |
| Operating Activities | ||
| Net Income for 2019 | 57000 | |
| Depreciation expense for the year | 20000 | |
| Cash dividends decalred and paid | -24000 | |
| Change in current assets | -25000 | |
| Change in current liabilities | -1000 | |
| Cash flow from operating activities | 27000 | |
| Investing Activities | ||
| Gain on sale of equipment | 3000 | |
| Purchase of additional equipment | -80000 | |
| Decrease in investments | 14000 | |
| Cash flow from investing activities | -63000 | |
| Financing activities | ||
| Increase in common stock | 20000 | |
| Issue of bonds during the year | 38000 | |
| Cash flow from financing activities | 58000 | |
| Changes in cash | 22000 | |
| Cash balance at the beginning of the year | 17000 | |
| Cash balance at the end of the Year | 39000 | |
Sheridan Company Comparative Balance Sheets December 31 Assets 2019 Cash $93,000 Accounts receivable 89,800 Inventory 120,000...
Sheridan Company Comparative Balance Sheets December 31 Assets 2019 Cash $93,000 Accounts receivable 89,800 Inventory 120,000 Investments 84,600 Equipment 249,000 Accumulated depreciation-equipment (49,600) $586,800 Liabilities and Stockholders' Equity Accounts payable $58,000 Accrued expenses payable 11,800 Bonds payable 103,000 Common stock 251,000 Retained earnings 163,000 $586,800 2018 $47,500 57,900 101,000 86,900 205,000 (40,100) $458,200 $ 48,800 17,800 69,700 193,000 128,900 $458,200 Sheridan Company Income Statement For the Year Ended December 31, 2019 Sales revenue Gain on disposal of equipment $299,000 8,270...
Problem 12-12A Condensed financial data of Swifty Corporation appear below. Swifty Corporation Comparative Balance Sheets December...
Problem 12-12A Condensed financial data of Swifty Corporation appear below. Swifty Corporation Comparative Balance Sheets December 31 Assets 2019 Cash $91,000 Accounts receivable 89,900 Inventory 121,000 Investments 84,300 Equipment 249,000 Accumulated depreciation equipment (49,200) $586,000 Liabilities and Stockholders' Equity Accounts payable $57,600 Accrued expenses payable 12,500 Bonds payable 102,000 Common stock 250,000 Retained earnings 163,900 $586,000 2018 $47,300 56,300 102,000 87,500 205,000 (39,900) $458,200 $ 48,200 18,600 69,200 191,000 131,200 $458,200 Swifty Corporation Income Statement For the Year Ended December...
to BIUDA E Merge & Center I J K L M N O H c) Wages...
to BIUDA E Merge & Center I J K L M N O H c) Wages accrued but not paid at December 31, 2018 are: 9.900 Tasks: 1) Use the additional Information provided at year-end to record the adjusting entries and post them into the leder accounts to calculate the new year-end balances 2) Prepare the Adjusted Trial Balance Full outlines with Account Names and fill in boxes with Dollar Numbers Adjusted Trial Balance Unadjusted Bal Dr. Adjustments Adjusted Bal...
Spreadsheet and Statement The following 2016 information is available for Stewart Company: Condensed Income Statement for...
Spreadsheet and Statement The following 2016 information is available for Stewart Company: Condensed Income Statement for 2016 Sales $9,000 Cost of goods sold (6,000) Other expenses (2,000) Loss on sale of equipment (260) Gain on sale of land 400 Net income $1,140 Comparative Balance Sheets December 31, 2015 December 31, 2016 Cash $700 $1,130 Accounts receivable 450 310 Inventory 350 400 Land 300 500 Equipment 1,600 1,800 Less: Accumulated depreciation (200) (150) Total Assets $3,200 $3,990 Accounts payable $600 $750...
Indirect Method - Cash flow statement Sean Seymour Company Comparative balance sheet - December 31 Assets: &nbs
Indirect Method - Cash flow statement Sean Seymour Company Comparative balance sheet - December 31 Assets: 20x2 20x1 Cash $26,000 $13,000 Accounts receivable 18,000 14,000 Inventories 38,000 35,000 Property, Plant & Equip. 70,000 78,000 Accumulated depreciation ( 30,000) ( 24,000) 122,000 116,000 Liabilities & Stockholders’ Equity: Accounts payable 29,000 33,000 Income taxes payable 15,000 20,000 Bonds payable 20,000 10,000 Common stock 25,000 25,000 Retained earnings 33,000 28,000 122,000 116,000 Sean Seymour Co. Income statement for the year ended 12/31/x2 Sales $240,000 Less: COGS 180,000 Selling 28,000 Admin expenses 6,000 Income taxes 7,000 Interest expense 2,000 223,000 Net Income 17,000 Dividends of $12,000 were declared and paid During the year, equipment was...
what was the net cash flow from operating activities? The following data is from the comparative...
what was the net cash flow from operating activities?
The following data is from the comparative balance sheets of Wilson Company: 2004 Cash Accounts Receivable Inventory Prepaid Insurance Investments Equipment Accum. Depreciation Totals $55,500 64,500 98,700 800 5,000 100,000 (32,000) 292,500 2003 $32,400 73,200 97,900 1,200 15,000 87,000 (22,000) 284,700 Accounts Payable Bonds Payable Common Stock Retained Earnings Totals 14,100 60,000 120,000 98,400 292,500 18,300 80,000 100,000 86,400 284,700 Here is some additional information Investments Equipment Accum. Depreciation Totals 5,000...
Partially Completed Spreadsheet Hanks Company has prepared the following changes in account balances for the spreadsheet...
Partially Completed Spreadsheet Hanks Company has prepared the following changes in account balances for the spreadsheet to support its 2016 statement of cash flows: A B C D 1 2 Increase (Decrease) Worksheet Entries 3 Account Title Debit Credit 4 Debits 5 Cash $830 6 Noncash Accounts 7 Accounts Receivable (290) 8 Inventory 1,280 9 Investments 1,550 10 Land (700) 11 Equipment 2,300 12 Patents (net) (100) 13 Total $4,870 14 Credits 15 Accumulated Depreciation $350 16 Accounts Payable 120...
Statement of Cash Flows (Indirect Method) The Sky Company's income statement and comparative balance sheets as...
Statement of Cash Flows (Indirect Method) The Sky Company's income statement and comparative balance sheets as of December 31 of 2019 and 2018 follow: SKY COMPANY Income Statement For the Year Ended December 31, 2019 Sales Revenue $800,000 Dividend Income 19,000 819,000 Cost of Goods Sold $440,000 Wages and Other Operating Expenses 130,000 Depreciation Expense 39,000 Patent Amortization Expense 7,000 Interest Expense 13,000 Income Tax Expense 30,000 Loss on Sale of Equipment 5,000 Gain on Sale of Investments (10,000) 654,000...
I need help fixing what I got wrong, I believe I just recorded it wrong. If...
I need help fixing what I got wrong, I believe I just recorded
it wrong. If someone could help, I'd appreciate it. Thank you!
Whispering Winds Corp. Worksheet Statement of Cash Flows For the Year Ended December 31, 2019 9 Reconciling Items Balance 12/31/18 Debit Credit Balance 12/31/19 Balance Sheet Accounts Debits Cash (51,850) 73,350 Accounts receivable (4.950) 84,900 Inventory 21,500 75,950 189,600 100,500 200,900 Land 25,700 179,800 74,800 249,900 Equipment (49,000) Total 588,450 662,750 Credits Accumulated depreciation equipment 65,000...
Problem 12-12A Condensed financial data of Whispering Winds Corp. appear below. Problem 12-12A Condensed financial data...
Problem 12-12A
Condensed financial data of Whispering Winds Corp. appear
below.
Problem 12-12A Condensed financial data of Whispering Winds Corp. appear below. Whispering Winds Corp. Comparative Balance Sheets December 31 Assets 2019 Cash $91,400 Accounts receivable 89,000 Inventory 122,000 Investments 84,500 Equipment 251,000 Accumulated depreciation equipment (48,100) $589,800 Liabilities and Stockholders' Equity Accounts payable $58,600 Accrued expenses payable 11,200 Bonds payable 102,000 Common stock 250,000 Retained earnings 168,000 $589,800 2018 $46,900 56,200 103,000 86,200 205,000 (40,200) $457,100 $ 47,200 18,900...
Sheridan Company Comparative Balance Sheets December 31 Assets 2019 Cash $93,000 Accounts receivable 89,800 Inventory 120,000 Investments 84,600 Equipment 249,000 Accumulated depreciation-equipment (49,600) $586,800 Liabilities and Stockholders' Equity Accounts payable $58,000 Accrued expenses payable 11,800 Bonds payable 103,000 Common stock 251,000 Retained earnings 163,000 $586,800 2018 $47,500 57,900 101,000 86,900 205,000 (40,100) $458,200 $ 48,800 17,800 69,700 193,000 128,900 $458,200 Sheridan Company Income Statement For the Year Ended December 31, 2019 Sales revenue Gain on disposal of equipment $299,000 8,270...
Problem 12-12A Condensed financial data of Swifty Corporation appear below. Swifty Corporation Comparative Balance Sheets December 31 Assets 2019 Cash $91,000 Accounts receivable 89,900 Inventory 121,000 Investments 84,300 Equipment 249,000 Accumulated depreciation equipment (49,200) $586,000 Liabilities and Stockholders' Equity Accounts payable $57,600 Accrued expenses payable 12,500 Bonds payable 102,000 Common stock 250,000 Retained earnings 163,900 $586,000 2018 $47,300 56,300 102,000 87,500 205,000 (39,900) $458,200 $ 48,200 18,600 69,200 191,000 131,200 $458,200 Swifty Corporation Income Statement For the Year Ended December...
to BIUDA E Merge & Center I J K L M N O H c) Wages accrued but not paid at December 31, 2018 are: 9.900 Tasks: 1) Use the additional Information provided at year-end to record the adjusting entries and post them into the leder accounts to calculate the new year-end balances 2) Prepare the Adjusted Trial Balance Full outlines with Account Names and fill in boxes with Dollar Numbers Adjusted Trial Balance Unadjusted Bal Dr. Adjustments Adjusted Bal...
what was the net cash flow from operating activities?
The following data is from the comparative balance sheets of Wilson Company: 2004 Cash Accounts Receivable Inventory Prepaid Insurance Investments Equipment Accum. Depreciation Totals $55,500 64,500 98,700 800 5,000 100,000 (32,000) 292,500 2003 $32,400 73,200 97,900 1,200 15,000 87,000 (22,000) 284,700 Accounts Payable Bonds Payable Common Stock Retained Earnings Totals 14,100 60,000 120,000 98,400 292,500 18,300 80,000 100,000 86,400 284,700 Here is some additional information Investments Equipment Accum. Depreciation Totals 5,000...
Statement of Cash Flows (Indirect Method) The Sky Company's income statement and comparative balance sheets as of December 31 of 2019 and 2018 follow: SKY COMPANY Income Statement For the Year Ended December 31, 2019 Sales Revenue $800,000 Dividend Income 19,000 819,000 Cost of Goods Sold $440,000 Wages and Other Operating Expenses 130,000 Depreciation Expense 39,000 Patent Amortization Expense 7,000 Interest Expense 13,000 Income Tax Expense 30,000 Loss on Sale of Equipment 5,000 Gain on Sale of Investments (10,000) 654,000...
I need help fixing what I got wrong, I believe I just recorded
it wrong. If someone could help, I'd appreciate it. Thank you!
Whispering Winds Corp. Worksheet Statement of Cash Flows For the Year Ended December 31, 2019 9 Reconciling Items Balance 12/31/18 Debit Credit Balance 12/31/19 Balance Sheet Accounts Debits Cash (51,850) 73,350 Accounts receivable (4.950) 84,900 Inventory 21,500 75,950 189,600 100,500 200,900 Land 25,700 179,800 74,800 249,900 Equipment (49,000) Total 588,450 662,750 Credits Accumulated depreciation equipment 65,000...
Problem 12-12A
Condensed financial data of Whispering Winds Corp. appear
below.
Problem 12-12A Condensed financial data of Whispering Winds Corp. appear below. Whispering Winds Corp. Comparative Balance Sheets December 31 Assets 2019 Cash $91,400 Accounts receivable 89,000 Inventory 122,000 Investments 84,500 Equipment 251,000 Accumulated depreciation equipment (48,100) $589,800 Liabilities and Stockholders' Equity Accounts payable $58,600 Accrued expenses payable 11,200 Bonds payable 102,000 Common stock 250,000 Retained earnings 168,000 $589,800 2018 $46,900 56,200 103,000 86,200 205,000 (40,200) $457,100 $ 47,200 18,900...
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