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Ans. A. Cash outflow of $ 3,920
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QUESTION 14 During April 2020, a company had the following transactions: Credit sales of $2,400 (cost...
QUESTION 14 During April 2020, a company had the following transactions: Credit sales of $2,400 (cost...
QUESTION 14 During April 2020, a company had the following transactions: Credit sales of $2,400 (cost of goods sold $1,000). Received $300 from a customer for services that will be provided in May. Purchased inventory for $4,500 paid $2,700 and the rest will be paid in 30 days. Purchased and paid $560 supplies still on hand Paid $960 in wages Net cash flow from operating activities for April 2020 is? ОА ов. Ос. OD. cash outflow of $3.920 cash outflow...
QUESTION 21 During April 2020, a company had the following transactions: Credit sales of $2,400 (cost...
QUESTION 21 During April 2020, a company had the following transactions: Credit sales of $2,400 (cost of goods sold $1,000). Received $300 from a customer for services that will be provided in May. Purchased inventory for $4,500, paid $2,700 and the rest will be paid in 30 days. Purchased and paid $560 for supplies still on hand. Paid $960 in wages. Profit for April 2020 according to accrual accounting is: A. $440 B. $180 C. $740 D. None of the...
Tipper Inc. had the following transactions during 2020: • Sales of $13,000 on account for 2020...
Tipper Inc. had the following transactions during 2020: • Sales of $13,000 on account for 2020 • Collected $19.000 for services to be performed in 2021 • Paid $5,000 cash in salaries for 2020 • Purchased airline tickets for $2,000 in December for a trip to take place in 2021 What is Tipper Inc's 2020 net income using accrual accounting? $14,000 $8,000 $25,000 $6,000 5 pts Question 1 5 pts Question 15 Question 8 5 pts Borrowing money is an...
Prepare journal entries for the transactions below. A company entered into the following transactions during April....
Prepare journal entries for the transactions below. A company entered into the following transactions during April. This is the first month of their operation. April 1st: Signed a lease and made a payment of $4,500 to the landlord comprised of three month’s rent covering April, May, and June. April 3rd: Purchased equipment on account for $35,000. April 4th: Purchased supplies for $2,000, paid with cash. April 10th: Performed services and sent a bill of $57,000 to a customer. April 15th:...
chill Company purchased treasury stock with a cost of $216,000 during 2020. During the year, the...
chill Company purchased treasury stock with a cost of $216,000 during 2020. During the year, the company paid dividends of $220,000 and issued bonds payable for proceeds of $650,000. Cash flows from financing activities for 2020 total a. $214,000 net cash inflow. b. $256,000 net cash inflow. c. $260,000 net cash outflow. d. $244,000 net cash inflow.
Parkhill Company purchased treasury stock with a cost of $216,000 during 2020. during the year, the...
Parkhill Company purchased treasury stock with a cost of $216,000
during 2020. during the year, the company pay dividends of $220,000
and issued bonds payable for proceeds of $650,000. Cash flows from
financing activities for 2020 total.
Parkhill Company purchased treasury stock with a cost of $216,000 during 2020. During the year, the company paid dividends of $220,000 and issued bonds payable for proceeds of $650,000. Cash flows from financing activities for 2020 total $214,000 net cash inflow. b. $256,000...
Alpine Stables Inc. was established on April 1, 2020. The company provides stables, care for animals,...
Alpine Stables Inc. was established on April 1, 2020. The company provides stables, care for animals, and grounds for riding and showing horses. You have been hired as the new assistant controller. The following transactions for April 2020 are provided for your review: a Received contributions from five investors of S60,000 in cash (S12,000 each), a barn valued at $100,000, and land valued at $90,000. Each investor received 3,000 shares. b. Built a small barn for $62,000. The company paid...
Kamal Harris opened Ladies First Francial Planning Company on April 1, 2020. During April, the following...
Kamal Harris opened Ladies First Francial Planning Company on April 1, 2020. During April, the following transactions were completed April 1 2 5 9 12 16 20 22 26 30 Owner invested $46,000 cash in the company Purchased a new truck for $22,000, paying $15,000 cash and the balance on nocourt. Purchased suppile for $8:30 on account. Pald $2,200 cash on a one-year Insurance policy effective April 1. Billed customers $7.000 for planning services performed Paid $3,500 cash on amount...
Journalizing and Posting Transactions and Adjustments D. Roulstone opened Roulstone Roofing Service on April 1. Transactions...
Journalizing and Posting Transactions and Adjustments D. Roulstone opened Roulstone Roofing Service on April 1. Transactions for April follow. Apr.1 Roulstone contributed $34,500 cash to the business in exchange for common stock. Paid $18,300 cash for the purchase of a used truck. Purchased $9,300 of ladders and other equipment; the company paid $1,000 cash, with the balance due in 30 days. Paid $8,640 cash for two-year (or 24-month) premium toward liability insurance. Purchased $3,600 of supplies on credit. Received an...
Journalizing and Posting Transactions and Adjustments D. Roulstone opened Roulstone Roofing Service on April 1. Transactions...
Journalizing and Posting Transactions and Adjustments D. Roulstone opened Roulstone Roofing Service on April 1. Transactions for April follow. Apr.1 Roulstone contributed $34,500 cash to the business in exchange for common stock. Paid $18,300 cash for the purchase of a used truck. Purchased $9,300 of ladders and other equipment; the company paid $1,000 cash, with the balance due in 30 days. Paid $8,640 cash for two-year (or 24-month) premium toward liability insurance. Purchased $3,600 of supplies on credit. Received an...
QUESTION 14 During April 2020, a company had the following transactions: Credit sales of $2,400 (cost of goods sold $1,000). Received $300 from a customer for services that will be provided in May. Purchased inventory for $4,500 paid $2,700 and the rest will be paid in 30 days. Purchased and paid $560 supplies still on hand Paid $960 in wages Net cash flow from operating activities for April 2020 is? ОА ов. Ос. OD. cash outflow of $3.920 cash outflow...
QUESTION 21 During April 2020, a company had the following transactions: Credit sales of $2,400 (cost of goods sold $1,000). Received $300 from a customer for services that will be provided in May. Purchased inventory for $4,500, paid $2,700 and the rest will be paid in 30 days. Purchased and paid $560 for supplies still on hand. Paid $960 in wages. Profit for April 2020 according to accrual accounting is: A. $440 B. $180 C. $740 D. None of the...
Tipper Inc. had the following transactions during 2020: • Sales of $13,000 on account for 2020 • Collected $19.000 for services to be performed in 2021 • Paid $5,000 cash in salaries for 2020 • Purchased airline tickets for $2,000 in December for a trip to take place in 2021 What is Tipper Inc's 2020 net income using accrual accounting? $14,000 $8,000 $25,000 $6,000 5 pts Question 1 5 pts Question 15 Question 8 5 pts Borrowing money is an...
chill Company purchased treasury stock with a cost of $216,000 during 2020. During the year, the company paid dividends of $220,000 and issued bonds payable for proceeds of $650,000. Cash flows from financing activities for 2020 total a. $214,000 net cash inflow. b. $256,000 net cash inflow. c. $260,000 net cash outflow. d. $244,000 net cash inflow.
Parkhill Company purchased treasury stock with a cost of $216,000
during 2020. during the year, the company pay dividends of $220,000
and issued bonds payable for proceeds of $650,000. Cash flows from
financing activities for 2020 total.
Parkhill Company purchased treasury stock with a cost of $216,000 during 2020. During the year, the company paid dividends of $220,000 and issued bonds payable for proceeds of $650,000. Cash flows from financing activities for 2020 total $214,000 net cash inflow. b. $256,000...
Alpine Stables Inc. was established on April 1, 2020. The company provides stables, care for animals, and grounds for riding and showing horses. You have been hired as the new assistant controller. The following transactions for April 2020 are provided for your review: a Received contributions from five investors of S60,000 in cash (S12,000 each), a barn valued at $100,000, and land valued at $90,000. Each investor received 3,000 shares. b. Built a small barn for $62,000. The company paid...
Kamal Harris opened Ladies First Francial Planning Company on April 1, 2020. During April, the following transactions were completed April 1 2 5 9 12 16 20 22 26 30 Owner invested $46,000 cash in the company Purchased a new truck for $22,000, paying $15,000 cash and the balance on nocourt. Purchased suppile for $8:30 on account. Pald $2,200 cash on a one-year Insurance policy effective April 1. Billed customers $7.000 for planning services performed Paid $3,500 cash on amount...
Journalizing and Posting Transactions and Adjustments D. Roulstone opened Roulstone Roofing Service on April 1. Transactions for April follow. Apr.1 Roulstone contributed $34,500 cash to the business in exchange for common stock. Paid $18,300 cash for the purchase of a used truck. Purchased $9,300 of ladders and other equipment; the company paid $1,000 cash, with the balance due in 30 days. Paid $8,640 cash for two-year (or 24-month) premium toward liability insurance. Purchased $3,600 of supplies on credit. Received an...
Journalizing and Posting Transactions and Adjustments D. Roulstone opened Roulstone Roofing Service on April 1. Transactions for April follow. Apr.1 Roulstone contributed $34,500 cash to the business in exchange for common stock. Paid $18,300 cash for the purchase of a used truck. Purchased $9,300 of ladders and other equipment; the company paid $1,000 cash, with the balance due in 30 days. Paid $8,640 cash for two-year (or 24-month) premium toward liability insurance. Purchased $3,600 of supplies on credit. Received an...
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