Please see below under "Requirements" for the questions that
need to be answered.I have answered most of it, but some of my
answers are wrong according to MC Graw site.
Homework Answers
a)
Wrong transactions :
| Date | Cash | + | Inventory | = | Accounts payable |
| 9/10 | - 32340 | (660) [33000*2%] | (33000) |
c)
|
DANA'S IMPORTS STATEMENT OF CASH FLOW FOR THE MONTH ENDED SEPTEMBER 30,2018 |
||
| Cash flow from operating activity | ||
| collection from customers | 16500 | |
| payment to suppliers | -32340 | |
| payment for selling and administrative expense | -3100 | |
| Payment of freight on merchandise purchase | -850 | |
| Net cash flow from operating activity | -19790 | |
| Cash flow from investing activity | 0 | |
| Cash flow from financing activity | ||
| Issue of common stock | 51000 | |
| Net cash flow from financing activity | 51000 | |
| Net change in cash | 31210 | |
| Beginning cash balance | 0 | |
| Cash at end | 31210 | |
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need help with these questions please
cruals/Deferrals Saved Help Save & Exit Check my 1. Received $40,000 cash from the issue of common stock. 2. Performed services on account for $82,000. 3. Paid a $6,000 cash dividend to the stockholders. 4. Collected $76,000 of the accounts receivable. 5. Paid $53,000 cash for other operating expenses. 6. Performed services for $19,000 cash. 7. Recognized $3,500 of accrued utilities expense at the end of the year. Required a. & c. Identify...
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