CASH FLOW STATEMENT | |||||||||
A | Cash flows from operating activities | ||||||||
Net income | $55,500 | ||||||||
Adjustments for non-cash effects: | |||||||||
Depreciation expense | $20,000 | ||||||||
Loss from sale of equipment | $5,213 | ||||||||
Adjustments to reconcile net income cash | |||||||||
Increase in Account receivable | -$50,000 | equipment | |||||||
Increase in merchandise inventory | -$65,000 | Beg. Bal. | $150,000 | Depreciation | $20,000 | ||||
Increase in Supplies | -$9,200 | note payable | $130,000 | Cash | $84,787 | ||||
Increase in prepaid insurance | -$20,000 | loss on sale | $5,213 | ||||||
Increase in Account payable | $110,000 | Cash(purchase) | $250,000 | Ending bal. | $420,000 | ||||
Decrease in unearned revenue | -$10,000 | $530,000 | $530,000 | ||||||
Increase in salaries payable | $10,000 | ||||||||
Net cash inflow from operating activities | $46,513 | ||||||||
B | Cash flows from investing activities | ||||||||
Purchase of equipment | -$250,000 | ||||||||
Sale of equipment | $84,787 | ||||||||
Net cash ouflow from investing | -$165,213 | ||||||||
C | Cash flows from financing activities | ||||||||
Common stock issued | $113,700 | ||||||||
Dividend paid | -$10,000 | ||||||||
Net cash inflow from financing activities | $103,700 | ||||||||
Net decrease in cash $ | -$15,000 | ||||||||
Cash at beginning of year | $80,000 | ||||||||
Cash at end of year | $65,000 | ||||||||
Prepare a Satement of Cash Flow for the current year usinf the indirect method. Robust Robots,...
Prepare a statement of Cash Flow for the current year using the indirect method Robust Robots, Inc. Comparative Balance Sheet December 31, 2019 and 2018 2019 2018 Assets Current Assets: Cash Accounts Receivable, net Merchandise Inventory Supplies Prepaid Insurance Total Current Assets $ $ $ $ $ $ 65,000 150,000 135,000 9,700 30,000 389,700 $ $ $ $ $ $ 80,000 100,000 70,000 500 10,000 260,500 Property, Plant, and Equipment: Equipment Less: Accumulated Depreciation - Equipment Total Property, plant, and...
Prepare a Statement of Cash Flow for the current year using the indirect method Robust Robots, Inc. Comparative Balance Sheet December 31, 2019 and 2018 2019 2018 Assets Current Assets: Cash Accounts Receivable, net Merchandise Inventory Supplies Prepaid Insurance Total Current Assets $ $ $ $ $ $ 65,000 150,000 135,000 9,700 30,000 389,700 $ $ $ $ $ $ 80,000 100,000 70,000 500 10,000 260,500 Property, Plant, and Equipment: Equipment Less: Accumulated Depreciation - Equipment Total Property, plant, and...
Prepare a Cash Flow statement using indirect method Robust Robots, Inc. Comparative Balance Sheet December 31, 2019 and 2018 Assets 2019 2018 Current Assets: Cash Accounts Receivable, net Merchandise Inventory Supplies Prepaid Insurance Total Current Assets $ $ $ $ $ 65,000 150,000 135,000 9,700 30,000 389,700 $ $ $ $ $ $ 80,000 100,000 70,000 500 10,000 260,500 Property, Plant, and Equipment: Equipment Less: Accumulated Depreciation - Equipment Total Property, Plant, and Equipment Total Assets 500,000 (80,000) 420,000 809,700...
Prepare a Statement of Cash Flows for the current year using the indirect method. Robust Robots, Inc. Comparative Balance Sheet December 31, 2019 and 2018 2018 2019 $ Assets Current Assets: Cash Accounts Receivable, net Merchandise Inventory Supplies Prepaid Insurance Total Current Assets 65,000 150,000 135,000 9,700 30,000 389,700 $ $ $ $ $ $ 80,000 100,000 70,000 500 10,000 260,500 $ $ $ $ Property Plant, and Equipment: Equipment Less: Accumulated Depreciation - Equipment Total Property, Plant, and Equipment...
Prepare a Cash Flow Statement. Robust Robots, Inc. Comparative Balance Sheet December 31, 2019 and 2018 2018 2019 $ Assets Current Assets: Cash Accounts Receivable, net Merchandise Inventory Supplies Prepaid Insurance Total Current Assets 65,000 150,000 135,000 9,700 30,000 389,700 $ $ $ $ $ $ 80,000 100,000 70,000 500 10,000 260,500 $ Property, plant, and Equipment: Equipment Less: Accumulated Depreciation - Equipment Total Property, Plant, and Equipment Total Assets $ $ $ $ 500,000 (80,000) 420,000 809,700 $ $...
Using vertical analysis, prepare and Income Satement. (this is all the infomation) (indirect method) Robust Robots, Inc. Comparative Balance Sheet December 31, 2019 and 2018 2019 2018 Assets Current Assets: Cash Accounts Receivable, net Merchandise Inventory Supplies Prepaid Insurance Total Current Assets $ $ $ $ $ $ 65,000 150,000 135,000 9,700 30,000 389,700 $ $ $ $ $ $ 80,000 100,000 70,000 500 10,000 260,500 Property, Plant, and Equipment: Equipment Less: Accumulated Depreciation - Equipment Total Property, plant, and...
Pepare a Cash Flow Statement using the indirect method. (all information is given). Robust Robots, Inc. Comparative Balance Sheet December 31, 2019 and 2018 Assets 2019 2018 Current Assets: Cash Accounts Receivable, net Merchandise Inventory Supplies Prepaid Insurance Total Current Assets $ $ $ $ $ 65,000 150,000 135,000 9,700 30,000 389,700 $ $ $ $ $ $ 80,000 100,000 70,000 500 10,000 260,500 Property, Plant, and Equipment: Equipment Less: Accumulated Depreciation - Equipment Total Property, Plant, and Equipment Total...
Using horizontal analysis, perpare a Comparative Balance Sheet. Robust Robots, Inc. Comparative Balance Sheet December 31, 2019 and 2018 2019 2018 Assets Current Assets: Cash Accounts Receivable, net Merchandise Inventory Supplies Prepaid Insurance Total Current Assets $ $ $ $ $ $ 65,000 150,000 135,000 9,700 30,000 389,700 $ $ $ $ $ $ 80,000 100,000 70,000 500 10,000 260,500 Property, Plant, and Equipment: Equipment Less: Accumulated Depreciation - Equipment Total Property, plant, and Equipment Total Assets $ $ $...
Using vertical analysis, prepare an income statement. (this is all the information given) (indirect method) thats all info i have, it says indirect method on cash flow only Robust Robots, Inc. Comparative Balance Sheet December 31, 2019 and 2018 2019 2018 Assets Current Assets: Cash Accounts Receivable, net Merchandise Inventory Supplies Prepaid Insurance Total Current Assets $ $ $ $ $ $ 65,000 150,000 135,000 9,700 30,000 389,700 $ $ $ $ $ $ 80,000 100,000 70,000 500 10,000 260,500...
Using horizontal analysis, prepare a Comparative Balance Sheet. thats all the information i was given Robust Robots, Inc. Comparative Balance Sheet December 31, 2019 and 2018 2019 2018 Assets Current Assets: Cash Accounts Receivable, net Merchandise Inventory Supplies Prepaid Insurance Total Current Assets $ $ $ $ $ $ 65,000 150,000 135,000 9,700 30,000 389,700 $ $ $ $ $ $ 80,000 100,000 70,000 500 10,000 260,500 Property, Plant, and Equipment: Equipment Less: Accumulated Depreciation - Equipment Total Property, plant,...