Homework Answers
| AVOLAS CORPORATION | ||||||
| STATEMENT OF CASHFLOWS | ||||||
| FROM OPERATING ACTIVIES | ||||||
| Net Income | 29000 | |||||
| Decrease In Accounts Payable | -5400 | |||||
| decrease in Inventory | 1600 | |||||
| Increase in Accounts receivable | -6500 | |||||
| A |
Net Cash Flow From operating activities |
18700 | ||||
| FROM INVESTING | ||||||
| Land purchased | -35000 | |||||
| Truck purchased | -8900 | |||||
| B | net cashflow from investing activities | -43900 | ||||
| FROM FINANCING | ||||||
| Barrowed on 3 years note | 34000 | |||||
| Stock issued for cash | 30000 | |||||
| C | net cashflow from financing activities | 64000 | ||||
| TOTAL CASHFLOWS FOR THE YEAR (A+B+C) | 38800 | |||||
| ADD ; | BEGINNING CASH | 31000 | ||||
| Ending cash | 69800 | |||||
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Avalos Corporation is preparing its annual financial statements at December 31 of the current year. Listed...
Need help finding the net cash inflows for the year and beginning cash balance IlIlIcase ill...
Need help finding the net cash inflows for
the year and beginning cash balance
IlIlIcase ill alcuuis leolvavic (U, JUU Decrease in inventory Decrease in accounts payable 1,700 (3,600) $ 24,600 Cash flows from operating activities From investing activities Purchased delivery truck Purchased land (9,900) (36,000) ♡ (45,900) Cash flows from investing activities From financing activities Borrowed cash on three-year note Issued stock for cash 34,000 28,000 62,000 Cash flows from financing activities Net cash inflows for the year Beginning...
XS Supply Company is developing its annual financial statements at December 31. The statements are complete...
XS Supply Company is developing its annual financial statements at December 31. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized: Current Year Previous Year Balance Sheet at December 31 Cash Accounts Receivable Inventory Equipment Accumulated Depreciation Equipment Total Assets Accounts Payable Salaries and Wages Payable Note Payable (long-term) Common Stock Retained Earnings Total Liabilities and Stockholders' Equity Income Statement Sales Revenue Cost of Goods Sold Other Expenses...
XS Supply Company is developing its annual financial statements at December 31. The statements are complete...
XS Supply Company is developing its annual financial statements
at December 31. The statements are complete except for the
statement of cash flows. The completed comparative balance sheets
and income statement are summarized:
Current Year
Previous Year
Balance Sheet at
December 31
Cash
$
31,850
$
26,750
Accounts
Receivable
33,000
27,000
Inventory
39,000
37,000
Equipment
106,000
90,000
Accumulated
Depreciation—Equipment
(28,000
)
(24,000
)
Total
Assets
$
181,850
$
156,750
Accounts
Payable
$
34,000
$
26,000
Salaries and
Wages Payable
1,050...
XS Supply Company is developing its annual financial statements at December 31. The statements are complete...
XS Supply Company is developing its annual financial statements at December 31. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized: Current Year Previous Year Balance sheet at December 31 Cash Accounts Receivable Inventory Equipment Accumulated Depreciation-Equipment Total Assets Accounts Payable Salaries and Wages Payable Note Payable (long-term) Common Stock Retained Earnings Total Liabilities and stockholders' Equity Income Statement Sales Revenue Cost of Goods Sold other Expenses Net...
Selected balance sheet information and the income statement for Fountainhead Corporation for the current year are...
Selected balance sheet information and the income statement for
Fountainhead Corporation for the current year are presented
below.
Selected balance sheet information and the income statement for Fountainhead Corporation for the current year are presented below Selected Balance Sheet Accounts Prior Year Current Year Accounts Receivable Merchandise Inventory Prepaid Rent Accounts Payable Salaries and Wages Payable $ 21,300 $14,500 31,900 0 21,200 5,700 29,000 1,900 16,400 3,800 Income Statement $435,000 Sales Revenue Expenses Cost of Goods Sold Depreciation Expense Salaries...
XS Supply Company is developing its annual financial statements at December 31. The statements are complete...
XS Supply Company is developing its annual financial statements at December 31. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized: Current Year Previous Year Balance Sheet at December 31 Cash Accounts Receivable Inventory Equipment Accumulated Depreciation-Equipment Total Assets Accounts Payable Salaries and Wages Payable Note Payable (long-term) Common Stock Retained Earnings Total Liabilities and Stockholders' Equity Income Statement Sales Revenue Cost of Goods Sold Other Expenses Net...
XS Supply Company is developing its annual financial statements at December 31. The statements are complete...
XS Supply Company is developing its annual financial statements at December 31. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized: Current Year Previous Year Balance Sheet at December 31 Cash Accounts Receivable Inventory Equipment Accumulated Depreciation Equipment Total Assets Accounts Payable Salaries and Wages Payable Note Payable (long-term) Common Stock Retained Earnings Total Liabilities and Stockholders' Equity Income Statement Sales Revenue Cost of Goods Sold Other Expenses...
Audio City, Inc., is developing its annual financial statements at December 31. The statements are complete...
Audio City, Inc., is developing its annual financial statements
at December 31. The statements are complete except for the
statement of cash flows. The completed comparative balance sheets
and income statement are summarized below:
Current
Year
Previous
Year
Balance Sheet at December 31
Cash
$
40,000
$
47,400
Accounts Receivable
11,800
16,000
Inventory
17,200
16,000
Equipment
207,000
142,000
Accumulated Depreciation—Equipment
(48,000
)
(37,000
)
Total Assets
$
228,000
$
184,400
Accounts Payable
$
7,200
$
17,400
Salaries and Wages Payable...
XS Supply Company is developing its annual financial statements at December 31. The statements are complete...
XS Supply Company is developing its annual financial statements
at December 31. The statements are complete except for the
statement of cash flows. The completed comparative balance sheets
and income statement are summarized:
XS Supply Company is developing its annual financial statements at December 31. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized: Previous Year Current Year Balance Sheet at December 31 Cash Accounts Receivable Inventory Equipment...
Hunter Company is developing its annual financial statements at December 31. The statements are complete except...
Hunter Company is developing its annual financial statements at December 31. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized: Current Year Prior Year Balance Sheet at December 31 Cash Accounts Receivable Inventory Equipment Accumulated Depreciation-Equipment Total Assets Accounts Payable Salaries and Wages Payable Note Payable (long-term) Common Stock Retained Earnings Total Liabilities and Stockholders' Equity Income Statement (current year) Sales Revenue Cost of Goods Sold Other Expenses...
Need help finding the net cash inflows for
the year and beginning cash balance
IlIlIcase ill alcuuis leolvavic (U, JUU Decrease in inventory Decrease in accounts payable 1,700 (3,600) $ 24,600 Cash flows from operating activities From investing activities Purchased delivery truck Purchased land (9,900) (36,000) ♡ (45,900) Cash flows from investing activities From financing activities Borrowed cash on three-year note Issued stock for cash 34,000 28,000 62,000 Cash flows from financing activities Net cash inflows for the year Beginning...
XS Supply Company is developing its annual financial statements at December 31. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized: Current Year Previous Year Balance Sheet at December 31 Cash Accounts Receivable Inventory Equipment Accumulated Depreciation Equipment Total Assets Accounts Payable Salaries and Wages Payable Note Payable (long-term) Common Stock Retained Earnings Total Liabilities and Stockholders' Equity Income Statement Sales Revenue Cost of Goods Sold Other Expenses...
XS Supply Company is developing its annual financial statements
at December 31. The statements are complete except for the
statement of cash flows. The completed comparative balance sheets
and income statement are summarized:
Current Year
Previous Year
Balance Sheet at
December 31
Cash
$
31,850
$
26,750
Accounts
Receivable
33,000
27,000
Inventory
39,000
37,000
Equipment
106,000
90,000
Accumulated
Depreciation—Equipment
(28,000
)
(24,000
)
Total
Assets
$
181,850
$
156,750
Accounts
Payable
$
34,000
$
26,000
Salaries and
Wages Payable
1,050...
XS Supply Company is developing its annual financial statements at December 31. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized: Current Year Previous Year Balance sheet at December 31 Cash Accounts Receivable Inventory Equipment Accumulated Depreciation-Equipment Total Assets Accounts Payable Salaries and Wages Payable Note Payable (long-term) Common Stock Retained Earnings Total Liabilities and stockholders' Equity Income Statement Sales Revenue Cost of Goods Sold other Expenses Net...
Selected balance sheet information and the income statement for
Fountainhead Corporation for the current year are presented
below.
Selected balance sheet information and the income statement for Fountainhead Corporation for the current year are presented below Selected Balance Sheet Accounts Prior Year Current Year Accounts Receivable Merchandise Inventory Prepaid Rent Accounts Payable Salaries and Wages Payable $ 21,300 $14,500 31,900 0 21,200 5,700 29,000 1,900 16,400 3,800 Income Statement $435,000 Sales Revenue Expenses Cost of Goods Sold Depreciation Expense Salaries...
XS Supply Company is developing its annual financial statements at December 31. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized: Current Year Previous Year Balance Sheet at December 31 Cash Accounts Receivable Inventory Equipment Accumulated Depreciation-Equipment Total Assets Accounts Payable Salaries and Wages Payable Note Payable (long-term) Common Stock Retained Earnings Total Liabilities and Stockholders' Equity Income Statement Sales Revenue Cost of Goods Sold Other Expenses Net...
XS Supply Company is developing its annual financial statements at December 31. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized: Current Year Previous Year Balance Sheet at December 31 Cash Accounts Receivable Inventory Equipment Accumulated Depreciation Equipment Total Assets Accounts Payable Salaries and Wages Payable Note Payable (long-term) Common Stock Retained Earnings Total Liabilities and Stockholders' Equity Income Statement Sales Revenue Cost of Goods Sold Other Expenses...
Audio City, Inc., is developing its annual financial statements
at December 31. The statements are complete except for the
statement of cash flows. The completed comparative balance sheets
and income statement are summarized below:
Current
Year
Previous
Year
Balance Sheet at December 31
Cash
$
40,000
$
47,400
Accounts Receivable
11,800
16,000
Inventory
17,200
16,000
Equipment
207,000
142,000
Accumulated Depreciation—Equipment
(48,000
)
(37,000
)
Total Assets
$
228,000
$
184,400
Accounts Payable
$
7,200
$
17,400
Salaries and Wages Payable...
XS Supply Company is developing its annual financial statements
at December 31. The statements are complete except for the
statement of cash flows. The completed comparative balance sheets
and income statement are summarized:
XS Supply Company is developing its annual financial statements at December 31. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized: Previous Year Current Year Balance Sheet at December 31 Cash Accounts Receivable Inventory Equipment...
Hunter Company is developing its annual financial statements at December 31. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized: Current Year Prior Year Balance Sheet at December 31 Cash Accounts Receivable Inventory Equipment Accumulated Depreciation-Equipment Total Assets Accounts Payable Salaries and Wages Payable Note Payable (long-term) Common Stock Retained Earnings Total Liabilities and Stockholders' Equity Income Statement (current year) Sales Revenue Cost of Goods Sold Other Expenses...
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