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On January 1, 2016, Shelton Company had a balance of $260,500 in its Land account. During...
On January 1, Year 1, Moore, a fast-food company, had a balance in its Cash account...
On January 1, Year 1, Moore, a fast-food company, had a balance in its Cash account of $48,500. During the Year 1 accounting period, the company had (1) net cash inflow from operating activities of $30,600, (2) net cash outflow for investing activities of $38,000, and (3) net cash outflow from financing activities of $19,500. Required a. Prepare a statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.)
On January 1, 2018, Moore, a fast-food company, had a balance in its Cash account of...
On January 1, 2018, Moore, a fast-food company, had a balance in its Cash account of $47,400. During the 2018 accounting period, the company had (1) net cash inflow from operating activities of $29,600, (2) net cash outflow for investing activities of $37,000, and (3) net cash outflow from financing activities of $18,500. Required a. Prepare a statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.) 29,600 MOORE COMPANY Statement of Cash Flows For...
On January 1, Year 1, Moore, a fast-food company, had a balance in its Cash account...
On January 1, Year 1, Moore, a fast-food company, had a balance in its Cash account of $54,000. During the Year 1 accounting period, the company had (1) net cash inflow from operating activities of $35,600, (2) net cash outflow for investing activities of $43,000, and (3) net cash outflow from financing activities of $24,500 Required a. Prepare a statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.) $ 35,600 MOORE COMPANY Statement of...
On January 1, Year 1, Moore, a fast-food company, had a balance in its Cash account...
On January 1, Year 1, Moore, a fast-food company, had a balance in its Cash account of $39,700. During the Year 1 accounting period, the company had () net cash inflow from operating activities of $22,600, (2) net cash outflow for investing activities of $30,000, and (3) net cash outflow from financing activities of $11,500. Required a. Prepare a statement of cash flows. (Cash outflows should be indicated with a minus sign.) MOORE COMPANY Statement of Cash Flows For the...
The following information was drawn from the year-end balance sheets of Perez Trading Company: Account Title...
The following information was drawn from the year-end balance sheets of Perez Trading Company: Account Title Investment securities Equipment Buildings Land Year 2 $ 34,900 224,000 855, 000 88,000 Year 1 $ 26,800 215,500 958,000 61,000 Additional information regarding transactions occurring during Year 2: 1. Investment securities that had cost $6,310 were sold. The Year 2 income statement contained a loss on the sale of investment securities of $660. 2. Equipment with a cost of $54,000 was purchased. 3. The...
In 2021, Usher Sports Shop had cash flows from investing activities of $420,000 and cash flows...
In 2021, Usher Sports Shop had cash flows from investing activities of $420,000 and cash flows from financing activities of -$464,000. The balance in the firm's cash account was $627,000 at the beginning of 2021 and $604,000 at year-end. Calculate Usher Sports Shop's cash flow from operations for 2021. (Amounts to be deducted should be indicated by a minus sign.) Cash flow from operations
The comparative balance sheet of Cromme Inc. for December 31, 2016 and 2015, is shown as...
The comparative balance sheet of Cromme Inc. for December 31, 2016 and 2015, is shown as follows: 1 Dec. 31, 2016 Dec. 31, 2015 2 Assets 3 Cash $625,680.00 $586,230.00 4 Accounts receivable (net) 228,100.00 208,850.00 5 Inventories 640,910.00 617,650.00 6 Investments 0.00 240,620.00 7 Land 328,090.00 0.00 8 Equipment 704,540.00 553,320.00 9 Accumulated depreciation-equipment (166,310.00) (147,840.00) 10 Total assets $2,361,010.00 $2,058,830.00 11 Liabilities and Stockholders’ Equity 12 Accounts payable (merchandise creditors) $425,280.00 $404,550.00 13 Accrued expenses payable (operating expenses)...
The following information was drawn from the year-end balance sheets of Finch Trading Company: Account Title...
The following information was drawn from the year-end balance sheets of Finch Trading Company: Account Title Investment securities Equipment Buildings Land Year 2 $ 36,400 230,500 860,500 96,000 Year 1 $ 26,500 214,000 953,000 53,000 Additional information regarding transactions occurring during Year 2: 1. Investment securities that had cost $5,650 were sold. The Year 2 income statement contained a loss on the sale of investment securities of $490. 2. Equipment with a cost of $57,000 was purchased. 3. The income...
The following are summary cash transactions that occurred during the year for Hilliard Healthcare Co. (HHC):...
The following are summary cash transactions that occurred during the year for Hilliard Healthcare Co. (HHC): Cash received from: Customers Interest on notes receivable Collection of notes receivable Sale of land Issuance of common stock Cash paid for: Interest on notes payable Purchase of equipment Operating expenses Dividends to shareholders $660,000 12,000 100,000 40,000 200,000 18,000 120,000 440,000 30,000 Prepare the cash flows from operating activities section of HHC's statement of cash flows using the direct method. (Amounts to be...
help me with this please. All-Star Automotive Company experienced the following accounting events during Year...
help me with this please.
All-Star Automotive Company experienced the following accounting events during Year 1: 1. Performed services for $15,100 cash. 2. Purchased land for $8,100 cash. 3. Hired an accountant to keep the books. 4. Received $41,000 cash from the issue of common stock. 5. Borrowed $10,200 cash from State Bank. 6. Paid $5,100 cash for salary expense. 7. Sold land for $10,200 cash 8. Paid $4,100 cash on the loan from State Bank. 9. Paid $5,300...
On January 1, 2018, Moore, a fast-food company, had a balance in its Cash account of $47,400. During the 2018 accounting period, the company had (1) net cash inflow from operating activities of $29,600, (2) net cash outflow for investing activities of $37,000, and (3) net cash outflow from financing activities of $18,500. Required a. Prepare a statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.) 29,600 MOORE COMPANY Statement of Cash Flows For...
On January 1, Year 1, Moore, a fast-food company, had a balance in its Cash account of $54,000. During the Year 1 accounting period, the company had (1) net cash inflow from operating activities of $35,600, (2) net cash outflow for investing activities of $43,000, and (3) net cash outflow from financing activities of $24,500 Required a. Prepare a statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.) $ 35,600 MOORE COMPANY Statement of...
On January 1, Year 1, Moore, a fast-food company, had a balance in its Cash account of $39,700. During the Year 1 accounting period, the company had () net cash inflow from operating activities of $22,600, (2) net cash outflow for investing activities of $30,000, and (3) net cash outflow from financing activities of $11,500. Required a. Prepare a statement of cash flows. (Cash outflows should be indicated with a minus sign.) MOORE COMPANY Statement of Cash Flows For the...
The following information was drawn from the year-end balance sheets of Perez Trading Company: Account Title Investment securities Equipment Buildings Land Year 2 $ 34,900 224,000 855, 000 88,000 Year 1 $ 26,800 215,500 958,000 61,000 Additional information regarding transactions occurring during Year 2: 1. Investment securities that had cost $6,310 were sold. The Year 2 income statement contained a loss on the sale of investment securities of $660. 2. Equipment with a cost of $54,000 was purchased. 3. The...
In 2021, Usher Sports Shop had cash flows from investing activities of $420,000 and cash flows from financing activities of -$464,000. The balance in the firm's cash account was $627,000 at the beginning of 2021 and $604,000 at year-end. Calculate Usher Sports Shop's cash flow from operations for 2021. (Amounts to be deducted should be indicated by a minus sign.) Cash flow from operations
The following information was drawn from the year-end balance sheets of Finch Trading Company: Account Title Investment securities Equipment Buildings Land Year 2 $ 36,400 230,500 860,500 96,000 Year 1 $ 26,500 214,000 953,000 53,000 Additional information regarding transactions occurring during Year 2: 1. Investment securities that had cost $5,650 were sold. The Year 2 income statement contained a loss on the sale of investment securities of $490. 2. Equipment with a cost of $57,000 was purchased. 3. The income...
The following are summary cash transactions that occurred during the year for Hilliard Healthcare Co. (HHC): Cash received from: Customers Interest on notes receivable Collection of notes receivable Sale of land Issuance of common stock Cash paid for: Interest on notes payable Purchase of equipment Operating expenses Dividends to shareholders $660,000 12,000 100,000 40,000 200,000 18,000 120,000 440,000 30,000 Prepare the cash flows from operating activities section of HHC's statement of cash flows using the direct method. (Amounts to be...
help me with this please.
All-Star Automotive Company experienced the following accounting events during Year 1: 1. Performed services for $15,100 cash. 2. Purchased land for $8,100 cash. 3. Hired an accountant to keep the books. 4. Received $41,000 cash from the issue of common stock. 5. Borrowed $10,200 cash from State Bank. 6. Paid $5,100 cash for salary expense. 7. Sold land for $10,200 cash 8. Paid $4,100 cash on the loan from State Bank. 9. Paid $5,300...
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