Please help me answer the 2 questions at the bottom! lse the following balance sheets and...
Use the following balance sheets and income statement to answer QS 12-11 through QS 12-16. aS 12-11 CRUZ,ING Comparative Balance Sheets Deeember 31,2015 Indirect: Computing cash from operations P2 2015 2014 Assets sh...$ 94,800 24,000 1,000 51,000 85800 95800 0 200 Total current assets... 227,000 175,000 101,000 119,000 t repaid expenses $319000 5265000 CRUZ, INC Inceme Statement Uabilities and Equity Acconcs Payable Wges payable For Year Ended December 31,2015 15,000 21,000 ,0005,000 488,000 314000 74000 Toral current labiacles... Notes payable...
e the following balance sheets and Income statement to answer QS 12-11 through QS 12-16 aS 12-11 cash from operations P2 ,2015 elec S H80 24000 tee ann 227000 175,000 Cah.. 1,000 309,000 119,000 oals085,000 15,000 $ 21,000 p,005,000 23,40028,600 ไฟ1bMa .. .. se400 07,400 CRUZ, INC Llabilities and Equity Wigos peyabie Noces payable (Dang-cam)21800 Year Enled 14000 74000 Grosm profte -63 038e Deprecation expense... $37400 09.100 Equity Common stock $5 par value Rataned eanip Other expene Income belore Income...
Problem 1: Selected balances for Tyner Company are as follows: 2017 2016 Equipment Accumulated Dep 100,000 (30,000) (10,000) 40,000 A. Tyner sold equipment that originally cost $50,000 at a gain of $4000 B. Depreciation expense for the year was $60,000 C. Tyner had an equipment purchase for cash during the year. Prepare the Investing section of the cash flow statement for Tyner to answer QS 12-11 through QS 12-16 as 12-11 The the following balance Comparative Balance Sheets P2 41,000...
Answer all questions in this Section. 1. Read the following and answer questions that follow. The following information was taken from Masego Leero’s books. 01/01/2015 Started business with P20, 000 cash 03/01/2015 Deposited P15, 000 cash into the bank account 05/01/2015 Bought furniture on credit P3, 000 from Supreme 07/01/2015 Bought goods P7, 000 paying by cheque. 09/01/2015 Sold goods P6, 000 by cash 11/01/2015 Sold goods on credit to Lesego R P1, 000, Lorato L P2, 000 and...
Answer all questions in this Section. 1. Read the following and answer questions that follow. The following information was taken from Masego Leero’s books. 01/01/2015 Started business with P20, 000 cash 03/01/2015 Deposited P15, 000 cash into the bank account 05/01/2015 Bought furniture on credit P3, 000 from Supreme 07/01/2015 Bought goods P7, 000 paying by cheque. 09/01/2015 Sold goods P6, 000 by cash 11/01/2015 Sold goods on credit to Lesego R P1, 000, Lorato L P2, 000 and Kago...
1. Read the following and answer questions that follow. The following information was taken from Masego Leero’s books. 01/01/2015 Started business with P20, 000 cash 03/01/2015 Deposited P15, 000 cash into the bank account 05/01/2015 Bought furniture on credit P3, 000 from Supreme 07/01/2015 Bought goods P7, 000 paying by cheque. 09/01/2015 Sold goods P6, 000 by cash 11/01/2015 Sold goods on credit to Lesego R P1, 000, Lorato L P2, 000 and Kago M P3, 000 13/01/2015 Kago M...
A comparative balance sheet and income statement is shown for Cruz, Inc. CRUZ, INC. Comparative Balance Sheets December 31, 2017 2017 2016 Assets Cash $ 82,800 $ 20,600 Accounts receivable, net 35,500 43,700 Inventory 74,300 82,000 Prepaid expenses 4,600 3,700 Total current assets 197,200 150,000 Furniture 92,800 104,800 Accum. depreciation—Furniture (14,400 ) (8,000 ) Total assets $ 275,600 $ 246,800 Liabilities and Equity Accounts payable $ 13,000 $ 18,200 Wages payable 7,700 4,300 Income taxes payable 1,300 2,400 Total current...
Use the following information for the Quick Study below. (The following information applies to the questions displayed below.) A comparative balance sheet and income statement is shown for Cruz, Inc. 2016 CRUZ, INC. Comparative Balance Sheets December 31, 2017 2017 Assets Cash $ 75,900 Accounts receivable, net 32,600 Inventory 68,300 Prepaid expenses 4,200 Total current assets 181,000 Furniture 84,600 Accum. depreciation-Furniture (13, 100) Total assets $252,500 Liabilities and Equity Accounts payable $ 11,900 Wages payable 7,100 Income taxes payable 1,200...
Use the following information for the Quick Study below. (The following information applies to the questions displayed below.) A comparative balance sheet and income statement is shown for Cruz, Inc. 2016 CRUZ, INC. Comparative Balance Sheets December 31, 2017 2017 Assets Cash $ 75,900 Accounts receivable, net 32,600 Inventory 68,300 Prepaid expenses 4,200 Total current assets 181,000 Furniture 84,600 Accum. depreciation-Furniture (13, 100) Total assets $252,500 Liabilities and Equity Accounts payable $ 11,900 Wages payable 7,100 Income taxes payable 1,200...
The following financial statements and additional information are reported Exerciso 12-11 Indirect: Preparation of statement of cash flows IKIBAN INC Comparative Balance Sheets June 30,2015 and 2014 Pl P2 P3 A1 Assets Cash Accounts recelvable, net nventory $87 500 $4000 65,000 51,00 63,800 86,500 expenses 4402-5 IKIBAN INC Income Statement Total current asses220,700186,00 For Year Ended June 30,20IS Equipment 124,000 11$,000 $678.000 Accum depreciation-Equipment..009 .00 267000 bilie and Equity ales Cost of goods sold 7,700 411,000 Operating experses Accounts payabSle.....