Homework Answers
| Transaction | Section of statement of cash flows | Added or deducted |
| 75,000 cost of office equipment | NIL | NIL |
| 58,000 Accumulated depreciation | NIL | NIL |
| 20,200 sale price | Investing activities | Added |
| 3,200 gain on sale of equipment | Operating activities | deducted |
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eBook Calculator Print Item Reporting changes in Equipment on Statement of Cash Flows An analysis of...
EX 13-8 Reporting changes in equipment on statement of cash flows Obj. 3 An analysis of...
EX 13-8 Reporting changes in equipment on statement of cash flows Obj. 3 An analysis of the general ledger accounts indicates that office equipment, which cost $202,500 and on which accumulated depreciation totaled $84,375 on the date of sale, was sold for $101,250 during the year. Using this information, indicate the items to be reported on the statement of cash flows. EX 13-9 9 Reporting changes in equipment on statement of cash flows Obj. 3 An analysis of the general...
I am not sure why I get it wrong, pls help Reporting changes in Equipment on...
I am not sure why I get it wrong, pls
help
Reporting changes in Equipment on Statement of Cash Flows An analysis of the general ledger accounts indicates that office equipment, which cost $245,000 and on which accumulated depreciation totaled $112,500 on the date of sale, was sold for $105,900 during the year. Using this information, indicate the items to be reported on the statement of cash flows. Transactions Section of Statement of Cash Flows Added or Deducted $245,000 cost...
eBook Calculator Reporting Land Acquisition for Cash and Mortgage Note on Statement of Cash Flows On...
eBook Calculator Reporting Land Acquisition for Cash and Mortgage Note on Statement of Cash Flows On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flows: ACCOUNT Land ACCOUNT NO. Balance Item Debit Credit Debit Credit Date Jan. 1 Balance Feb. 10 Purchased for cash 156,000 402,000 726,000 246,000 Nov. 20 urcsed with long-term mortpage note 324000 Section of Statement of Cash Flows Added or Deducted Amount...
Reporting Land Transactions on Statement of Cash Flows On the basis of the details of the...
Reporting Land Transactions on Statement of Cash Flows On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flows: ACCOUNT Land ACCOUNT NO. Balance Date Item Debit Credit Credit Jan. 1 Mar. 12 Oct. 4 Balance Purchased for cash Sold for $204,000 Debit 1,131,000 1,504,000 1,329,000 373,000 175,000 Section of Statement of Cash Flows Item Added or Deducted Amount Mar. 12: Purchase of fixed asset Investing activities...
Ch 16-3 Exercises and Problems eBook Show Me How Calculator Print Item Statement of Cash Flows-Indirect...
Ch 16-3 Exercises and Problems eBook Show Me How Calculator Print Item Statement of Cash Flows-Indirect Method The comparative balance sheet of Merrick Equipment Co. for December 31, 2019 and 2088, is as follows: Dec 31, 2049 Dec. 31, 2018 Assets Cash $237,780 Accounts receivable (net) Inventories 86,140 243,170 $224,000 80,450 238,190 92,280 Investments Land Equipment Accumulated depreciation-equipment 124,720 268,290 (62,810) $897,290 210,590 (56,790) $788,720 Total assets Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Dividends payable $162,410 16,150...
Reporting Land Transactions on Statement of Cash Flows On the basis of the details of the...
Reporting Land Transactions on Statement of Cash Flows On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flows: ACCOUNT Land ACCOUNT NO. Balance Debit Credit Date Item Debit Credit Jan Balance 949,000 1 Mar. 12 Purchased for cash 304,000 1,253,000 Sold for $167,000 Oct. 4 143,000 1,110,000 Section of Statement of Cash Flows Added or Deducted Item Amount Investing activities section 304,000 Deducted Mar. 12: Purchase...
Reporting Land Transactions on Statement of Cash Flows On the basis of the details of the...
Reporting Land Transactions on Statement of Cash Flows On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flows: ACCOUNT Land ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Jan. 1 Balance 825,000 Mar. 12 Purchased for cash 248,000 1,073,000 Oct. 4 Sold for $137,000 117,000 956,000 Item Section of Statement of Cash Flows Added or Deducted Amount Mar. 12: Purchase of fixed asset Investing activities...
Reporting Land Transactions on Statement of Cash Flows On the basis of the details of the...
Reporting Land Transactions on Statement of Cash Flows On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flows: ACCOUNT Land ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Jan. 1 Balance 1,133,000 Mar. 12 Purchased for cash 385,000 1,518,000 Oct. 4 Sold for $211,000 181,000 1,337,000 Item Section of Statement of Cash Flows Added or Deducted Amount Mar. 12: Purchase of fixed asset $ Oct....
Reporting Land Transactions on Statement of Cash Flows On the basis of the details of the...
Reporting Land Transactions on Statement of Cash Flows On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flows: ACCOUNT Land ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Jan. 1 Balance 1,033,000 Mar. 12 Purchased for cash 320,000 1,353,000 Oct. 4 Sold for $175,000 150,000 1,203,000 Item Section of Statement of Cash Flows Added or Deducted Amount Mar. 12: Purchase of fixed asset $ Oct....
Reporting Land Transactions on Statement of Cash Flows On the basis of the details of the...
Reporting Land Transactions on Statement of Cash Flows On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flows: ACCOUNT Land ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Jan. 1 Balance 974,000 Mar. 12 Purchased for cash 331,000 1,305,000 Oct. 4 Sold for $182,000 156,000 1,149,000 Item Section of Statement of Cash Flows Added or Deducted Amount Mar. 12: Purchase of fixed asset $ Oct....
EX 13-8 Reporting changes in equipment on statement of cash flows Obj. 3 An analysis of the general ledger accounts indicates that office equipment, which cost $202,500 and on which accumulated depreciation totaled $84,375 on the date of sale, was sold for $101,250 during the year. Using this information, indicate the items to be reported on the statement of cash flows. EX 13-9 9 Reporting changes in equipment on statement of cash flows Obj. 3 An analysis of the general...
I am not sure why I get it wrong, pls
help
Reporting changes in Equipment on Statement of Cash Flows An analysis of the general ledger accounts indicates that office equipment, which cost $245,000 and on which accumulated depreciation totaled $112,500 on the date of sale, was sold for $105,900 during the year. Using this information, indicate the items to be reported on the statement of cash flows. Transactions Section of Statement of Cash Flows Added or Deducted $245,000 cost...
eBook Calculator Reporting Land Acquisition for Cash and Mortgage Note on Statement of Cash Flows On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flows: ACCOUNT Land ACCOUNT NO. Balance Item Debit Credit Debit Credit Date Jan. 1 Balance Feb. 10 Purchased for cash 156,000 402,000 726,000 246,000 Nov. 20 urcsed with long-term mortpage note 324000 Section of Statement of Cash Flows Added or Deducted Amount...
Reporting Land Transactions on Statement of Cash Flows On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flows: ACCOUNT Land ACCOUNT NO. Balance Date Item Debit Credit Credit Jan. 1 Mar. 12 Oct. 4 Balance Purchased for cash Sold for $204,000 Debit 1,131,000 1,504,000 1,329,000 373,000 175,000 Section of Statement of Cash Flows Item Added or Deducted Amount Mar. 12: Purchase of fixed asset Investing activities...
Ch 16-3 Exercises and Problems eBook Show Me How Calculator Print Item Statement of Cash Flows-Indirect Method The comparative balance sheet of Merrick Equipment Co. for December 31, 2019 and 2088, is as follows: Dec 31, 2049 Dec. 31, 2018 Assets Cash $237,780 Accounts receivable (net) Inventories 86,140 243,170 $224,000 80,450 238,190 92,280 Investments Land Equipment Accumulated depreciation-equipment 124,720 268,290 (62,810) $897,290 210,590 (56,790) $788,720 Total assets Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Dividends payable $162,410 16,150...
Reporting Land Transactions on Statement of Cash Flows On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flows: ACCOUNT Land ACCOUNT NO. Balance Debit Credit Date Item Debit Credit Jan Balance 949,000 1 Mar. 12 Purchased for cash 304,000 1,253,000 Sold for $167,000 Oct. 4 143,000 1,110,000 Section of Statement of Cash Flows Added or Deducted Item Amount Investing activities section 304,000 Deducted Mar. 12: Purchase...
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