how do i prepare my cash flow Using the following table and the equations underlying each of the four basic financial statements, show (a) that the balance sheet is in balance, (b) that net income is properly calculated, (c) what caused changes in the retained earnings account, and (d) what caused changes in the cash account. (Cash outflows should be indicated with a minus sign.)
Assets | $ | 19,300 | |
Liabilities | 14,300 | ||
Stockholders’ Equity | 5,000 | ||
Revenue | 11,600 | ||
Expenses | 9,750 | ||
Net Income | 1,850 | ||
Dividends | 550 | ||
Beginning Retained Earnings | 4,600 | ||
Ending Retained Earnings | 5,900 | ||
Cash Flows from Operating Activities | 2,700 | ||
Cash Flows from Investing Activities | (2,100 | ) | |
Cash Flows from Financing Activities | (1,450 | ) | |
Beginning Cash | 2,100 | ||
Ending Cash | 1,250 | ||
how do i prepare my cash flow Using the following table and the equations underlying each...
Using the following table and the equations underlying each of the four basic financial statements, show (a) that the balance sheet is in balance, (b) that net income is properly calculated. (what caused changes in the retained earnings account, and (d) what caused changes in the cash account. (Cash outflows should be indicated with a minus sign.) Assets Liabilities Stockholders' Equity Revenue Expenses Net Income Dividends Beginning Retained Earnings Ending Retained Earnings Cash Flows from Operating Activities Cash Flows from...
Using the following table and the equations underlying each of the four basic financial statements, show (a) that the balance sheet is in balance, (b) that net income is properly calculated, what caused changes in the retained earnings account, and (d) what caused changes in the cash account (Cash outflows should be indicated with a minus sign.) Assets Liabilities Stockholders' Equity Revenue Expenses Net Income Dividends Beginning Retained Earnings Ending Retained Earnings Cash Flows from Operating Activities Cash Flows from...
Using the following table and the equations underlying each of the four basic financial statements, show (a) that the balance sheet is in balance, (b) that net income is properly calculated, what caused changes in the retained earnings account, and (d) what caused changes in the cash account. (Cash outflows should be indicated with a minus sign.) Assets Liabilities Stockholders' Equity Revenue Expenses Net Income Dividends Beginning Retained Earnings Ending Retained Earnings Cash Flows from Operating Activities Cash Flows from...
i cant fogure out how to make it correct. i keep getting the answers wrong :( Using the following table and the equations underlying each of the four basic financial statements, show (a) that the balance sheet is in balance. (b) that net income is properly calculated, (what caused changes in the retained earnings account, and ( what caused changes in the cash account. (Cash outflows should be indicated with a minus sign.) Assets Liabilities Stockholders' Equity Revenue Expenses Net...
Question: 1 E1-1 Reporting Amounts on the Four Basic Financial Statements Using the following table and the equations underlying each of the four basic financial statements Assets Liabilities Shareholders' Equity Revenue Expenses Net income Dividends Beginning Retained Earnings Ending Retained Earnings Cash Flows from Operating Activities Cash Flows from Investing Activities Cash Flows from Financing Activities Beginning Cash Ending Cash $19,680 14,350 5,250 10,900 9,400 1,500 580 4,182 5, 120 1,840 (1.120) (1,060) 1,320 980 Required: a. Show that the...
1 - Using the following table and the equations underlying each of the four basic financial statements. 15 point $18.980 14,050 4,850 10.700 9.300 1.400 eBook DIM Liabilities Shareholders' Equity Revenue Expenses Niet incon Dividends Beginning Retained Earnings Ending Metained Earnings Cash flous fron Operating Activities Cash Flows from Investing Activities Cash Flows from Financing Activities Beginning Cash Ending Cash References 3.800 4.70 1,720 (1.950 2,150 840
Required information [The following information applies to the questions displayed below.] Milea Inc. experienced the following events in Year 1, its first year of operations: Received $14,000 cash from the issue of common stock. Performed services on account for $45,000. Paid the utility expense of $1,450. Collected $30,030 of the accounts receivable. Recorded $8,550 of accrued salaries at the end of the year. Paid a $1,450 cash dividend to the stockholders. b-1. Prepare the income statement. b-2. Prepare the...
Prepare the statement of cash flows using the indirect method. (List cash outflows and any decrease in cash as negative amounts.) The balance sheet for Plasma Screens Corporation, along with additional information, are provided below: Additional Information for 2018: 1. Net income is $65,000. 2. The company purchases $106,000 in equipment. 3. Depreciation expense is $158,000. 4. The company repays $112,500 in notes payable. 5 .The company declares and pays a cash dividend of $23,000. Prepare the statement of cash...
Tiger Trade has the following cash transactions for the period. Accounts Amounts Cash received from sale of products to customers $ 39,500 Cash received from the bank for long-term loan 44,500 Cash paid to purchase factory equipment (49,500 ) Cash paid to merchandise suppliers (11,900 ) Cash received from the sale of an unused warehouse 12,900 Cash paid to workers (23,900 ) Cash paid for advertisement (3,900 ) Cash received for sale of services to customers 29,500 Cash paid...
Tiger Trade has the following cash transactions for the period. Accounts Amounts Cash received from sale of products to customers $ 30,500 Cash received from the bank for long-term loan 35,500 Cash paid to purchase factory equipment (40,500 ) Cash paid to merchandise suppliers (10,100 ) Cash received from the sale of an unused warehouse 11,100 Cash paid to workers (22,100 ) Cash paid for advertisement (2,100 ) Cash received for sale of services to customers 20,500 Cash paid...