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The following T-account is a summary of the cash account of Sage Hill Company Cash (Summary...
The following T-account is a summary of the cash account of Sage Hill Company Cash (Summary...
The following T-account is a summary of the cash account of Sage Hill Company Cash (Summary Form) Balance, Jan 1 Receipts from customers Dividends on stock investments6,400 Payments for operating expenses 130.000 Proceeds from sale of equipment 39400 Interest paid Proceeds from issuance of 8.100 330,700 Payments for soods 188,100 10.200 7,600 42,000 Taxes paid bonds payable 321.100 Dividends paid Balance, Dec 31 327 What amount of net cash provided (used) by financing activities should be reported in the statement...
Brief Exercise 12-03 The following T-account is a summary of the cash account of Sage Hill...
Brief Exercise 12-03 The following T-account is a summary of the cash account of Sage Hill Company. Cash (Summary Form) Balance, Jan. 1 24,000 1,092,000 Payments for goods 18,000 Payments for operating expenses 108,000 Interest paid Receipts from customers 600,000 Dividends on stock investments 420,000 Proceeds from sale of equipment 30,000 Taxes paid 24,000 Proceeds from issuance of bonds payable 900,000 Dividends paid 120,000 Balance, Dec. 31 948,000 What amount of net cash provided (used) by financing activities should be...
he following T-account is a summary of the cash account of Indigo Corporation. Cash (Summary Form)...
he following T-account is a summary of the cash account of Indigo Corporation. Cash (Summary Form) Balance, Jan. 1 11,200 Receipts from customers 509,600 Payments for goods 280,000 Dividends on stock investments 8,400 Payments for operating expenses 196,000 Proceeds from sale of equipment 50,400 Interest paid 14,000 Proceeds from issuance of Taxes paid 11,200 bonds payable 420,000 Dividends paid 56,000 Balance, Dec. 31 442,400 What amount of net cash provided (used) by financing activities should be reported in the statement...
Brief Exercise 17-03 The following T-account is a summary of the Cash account of Cuellar Company....
Brief Exercise 17-03 The following T-account is a summary of the Cash account of Cuellar Company. Cash (Summary Form) Balance, Jan. 1 7,000 Receipts from customers 368,600 Payments for goods Dividends on stock investments 5,400 Payments for operating expenses Proceeds from sale of equipment 36,000 Interest paid Proceeds from issuance of Taxes paid bonds payable 499,200 Dividends paid Balance, Dec. 31 476,100 220,800 139,200 10,500 8,900 60,700 What amount of net cash provided (used) by financing activities should be reported...
BE 12-3: The following T-account is a summary of the Cash account of Cuellar Company. What...
BE 12-3: The following T-account is a summary of the Cash
account of Cuellar Company.
What amount of net cash provided (used) by financing activities
should be reported in the statement of cash flows?
Cash (Summary Form) Balance, Jan. 1 8,000 364,000 Payments for goods 6,000 Payments for operating expenses 36,000 Interest paid 300,000 Taxes paid Dividends paid Receipts from customers 200,000 Dividends on stock investments 140,000 Proceeds from sale of equipment 10,000 Proceeds from issuance of bonds payable 8,000...
Sage Hill Inc had the following balance sheet at December 31, 2016. SAGE HILL INC. BALANCE...
Sage Hill Inc had the following balance sheet at December 31, 2016. SAGE HILL INC. BALANCE SHEET DECEMBER 31, 2016 Cash $9.300 Accounts payable Accounts receivable 12.300 Bonds payable Investments 13,500 Common stock Plant assets (net) 36,900 Retained earnings Land 16,500 $88,500 $15,200 9,500 36,300 27.500 $88.500 During 2017, the following occurred. 1. Net income was $26,600. 2. Depreciation expense was $8,400. 3. Sage Hill liquidated its investment portfolio (comprised of available-for-sale investments), realizing a $4,200 loss. 4. Sage Hill...
Your answer is partially correct. Try again. The following T-account is a summary of the cash...
Your answer is partially correct. Try again. The following T-account is a summary of the cash account of Teal Mountain Company. Cash (Summary Form) Balance, Jan. 1 17,600 Receipts from customers 800,800 Payments for goods Dividends on stock investments 13,200 Payments for operating expenses Proceeds from sale of equipment 79,200 Interest paid Proceeds from issuance of Taxes paid bonds payable 660,000 Dividends paid Balance, Dec. 31 695,200 440,000 308,000 22,000 17,600 88,000 What amount of net cash provided (used) by...
Problem 3-5 Sage Hill Inc. was started on May 1. A summary of May transactions is...
Problem 3-5 Sage Hill Inc. was started on May 1. A summary of May transactions is presented below. 1. Stockholders invested $24,500 cash in the business in exchange for common stock. 2. Purchased equipment for $5,000 cash. 3. Paid $300 cash for May office rent. Paid $500 cash for supplies. Incurred $300 of advertising costs in the Beacon News on account. Received $4,400 in cash from customers for performing repair service. Paid a $1,600 cash dividend. 8. Paid part-time employee...
Required information [The following information applies to the questions displayed below) The following Cash T-account shows...
Required information [The following information applies to the questions displayed below) The following Cash T-account shows the total debits and total credits to the Cash account of Thomas Corporation for the current year. $ Balance, Dec. 31, prior year Receipts from customers Receipts from dividends Receipts from land sale Receipts from machinery sale Receipts from issuing stock Receipts from borrowing Cash 182.600 8.034.400 Payments for inventory 2,812.040 Payments for wages 2.972. 728 Payments for rent 948.059 Payments for interest 2.064.841...
Use the following table to answer the question: Cash paid to acquire marketable securities Proceeds from...
Use the following table to answer the question: Cash paid to acquire marketable securities Proceeds from the sale of marketable securities Proceeds from the issuance of capital stock Proceeds from the issuance of bonds payable Payments to settle short-term debt Interest and dividends received Cash received from customers Dividends paid Cash paid to suppliers and employees Interest paid Income taxes paid $370,000 17,500 280,000 55,000 32,500 10,000 1,310,000 130,000 1,030,000 25,000 70,000 EAGLES' cash flow from financing activities during 2014...
The following T-account is a summary of the cash account of Sage Hill Company Cash (Summary Form) Balance, Jan 1 Receipts from customers Dividends on stock investments6,400 Payments for operating expenses 130.000 Proceeds from sale of equipment 39400 Interest paid Proceeds from issuance of 8.100 330,700 Payments for soods 188,100 10.200 7,600 42,000 Taxes paid bonds payable 321.100 Dividends paid Balance, Dec 31 327 What amount of net cash provided (used) by financing activities should be reported in the statement...
Brief Exercise 12-03 The following T-account is a summary of the cash account of Sage Hill Company. Cash (Summary Form) Balance, Jan. 1 24,000 1,092,000 Payments for goods 18,000 Payments for operating expenses 108,000 Interest paid Receipts from customers 600,000 Dividends on stock investments 420,000 Proceeds from sale of equipment 30,000 Taxes paid 24,000 Proceeds from issuance of bonds payable 900,000 Dividends paid 120,000 Balance, Dec. 31 948,000 What amount of net cash provided (used) by financing activities should be...
Brief Exercise 17-03 The following T-account is a summary of the Cash account of Cuellar Company. Cash (Summary Form) Balance, Jan. 1 7,000 Receipts from customers 368,600 Payments for goods Dividends on stock investments 5,400 Payments for operating expenses Proceeds from sale of equipment 36,000 Interest paid Proceeds from issuance of Taxes paid bonds payable 499,200 Dividends paid Balance, Dec. 31 476,100 220,800 139,200 10,500 8,900 60,700 What amount of net cash provided (used) by financing activities should be reported...
BE 12-3: The following T-account is a summary of the Cash
account of Cuellar Company.
What amount of net cash provided (used) by financing activities
should be reported in the statement of cash flows?
Cash (Summary Form) Balance, Jan. 1 8,000 364,000 Payments for goods 6,000 Payments for operating expenses 36,000 Interest paid 300,000 Taxes paid Dividends paid Receipts from customers 200,000 Dividends on stock investments 140,000 Proceeds from sale of equipment 10,000 Proceeds from issuance of bonds payable 8,000...
Sage Hill Inc had the following balance sheet at December 31, 2016. SAGE HILL INC. BALANCE SHEET DECEMBER 31, 2016 Cash $9.300 Accounts payable Accounts receivable 12.300 Bonds payable Investments 13,500 Common stock Plant assets (net) 36,900 Retained earnings Land 16,500 $88,500 $15,200 9,500 36,300 27.500 $88.500 During 2017, the following occurred. 1. Net income was $26,600. 2. Depreciation expense was $8,400. 3. Sage Hill liquidated its investment portfolio (comprised of available-for-sale investments), realizing a $4,200 loss. 4. Sage Hill...
Your answer is partially correct. Try again. The following T-account is a summary of the cash account of Teal Mountain Company. Cash (Summary Form) Balance, Jan. 1 17,600 Receipts from customers 800,800 Payments for goods Dividends on stock investments 13,200 Payments for operating expenses Proceeds from sale of equipment 79,200 Interest paid Proceeds from issuance of Taxes paid bonds payable 660,000 Dividends paid Balance, Dec. 31 695,200 440,000 308,000 22,000 17,600 88,000 What amount of net cash provided (used) by...
Problem 3-5 Sage Hill Inc. was started on May 1. A summary of May transactions is presented below. 1. Stockholders invested $24,500 cash in the business in exchange for common stock. 2. Purchased equipment for $5,000 cash. 3. Paid $300 cash for May office rent. Paid $500 cash for supplies. Incurred $300 of advertising costs in the Beacon News on account. Received $4,400 in cash from customers for performing repair service. Paid a $1,600 cash dividend. 8. Paid part-time employee...
Required information [The following information applies to the questions displayed below) The following Cash T-account shows the total debits and total credits to the Cash account of Thomas Corporation for the current year. $ Balance, Dec. 31, prior year Receipts from customers Receipts from dividends Receipts from land sale Receipts from machinery sale Receipts from issuing stock Receipts from borrowing Cash 182.600 8.034.400 Payments for inventory 2,812.040 Payments for wages 2.972. 728 Payments for rent 948.059 Payments for interest 2.064.841...
Use the following table to answer the question: Cash paid to acquire marketable securities Proceeds from the sale of marketable securities Proceeds from the issuance of capital stock Proceeds from the issuance of bonds payable Payments to settle short-term debt Interest and dividends received Cash received from customers Dividends paid Cash paid to suppliers and employees Interest paid Income taxes paid $370,000 17,500 280,000 55,000 32,500 10,000 1,310,000 130,000 1,030,000 25,000 70,000 EAGLES' cash flow from financing activities during 2014...
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