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14. Item Prior year Current year Accounts payable 8,124.00 7,838.00 Accounts receivable 6,017.00 6,711.00 Accruals 968.00...

14.

Item Prior year Current year
Accounts payable 8,124.00 7,838.00
Accounts receivable 6,017.00 6,711.00
Accruals 968.00 1,366.00
Cash ??? ???
Common Stock 10,585.00 11,139.00
COGS 12,721.00 18,130.00
Current portion long-term debt 4,971.00 4,957.00
Depreciation expense 2,500 2,828.00
Interest expense 733 417
Inventories 4,210.00 4,789.00
Long-term debt 15,000.00 13,141.00
Net fixed assets 50,055.00 54,139.00
Notes payable 4,341.00 9,810.00
Operating expenses (excl. depr.) 13,977 18,172
Retained earnings 28,040.00 30,617.00
Sales 35,119 47,949.00
Taxes 2,084 2,775

What is the firm's cash flow from financing?

What is the firm's total change in cash from the prior year to the current year?

13b

Category Prior Year Current Year
Accounts payable ??? ???
Accounts receivable 320,715 397,400
Accruals 40,500 33,750
Additional paid in capital 500,000 541,650
Cash 17,500 47,500
Common Stock 94,000 105,000
COGS 328,500 428,662.00
Current portion long-term debt 33,750 35,000
Depreciation expense 54,000 55,267.00
Interest expense 40,500 42,782.00
Inventories 279,000 288,000
Long-term debt 336,391.00 398,796.00
Net fixed assets 946,535 999,000
Notes payable 148,500 162,000
Operating expenses (excl. depr.) 126,000 162,216.00
Retained earnings 306,000 342,000
Sales 639,000 849,040.00
Taxes 24,750 47,272.00

What is the current year's entry for long-term debt on a common-sized balance sheet?

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Answer #1

Ch Flow Ce 4 Pou ye cash flow from Aparaty Activities cash sales Accurals ley: Coyh purchases rey: Operati Expenses les: - Ta(WN-1) cash Receipts from sales & Debtory 0 Sales (t) opening Alc} Receiva I to closing Alc} - - 47,949 6017 (6711) Cash Rece(WN-u) fixed asset 50,055 opening +) opening fixed accu asset depreciation 2500 52,555 opens Gross fixed affet - closing fixeWOS operaly Expense operating expenses It opening Notes payables - closing Noty payatles = 18,172 = 4341 =(9810 ) BR 12,703 (62,405 Current year long term Debt Entry cash alc or 62,405 TO Long term Debt alc (Being issue of Long term) Debentures (398,

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