Homework Answers
20) NET CASH FLOW FROM FINANCING ACTIVITIES = 600000-45000-500000
NET CASH FLOW FROM FINANCIANG ACTIVITIES =55000
21) NET DECREASE IN CASH = 350000-420000+55000
NET DECREASE IN CASH = -15000
22) CASH BALANCE ON 1/1/18=110000
23) CASH BALANCE ON 31/12/18= 110000-15000
CASH BALANCE ON 31/12/18 = 95000
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The comparative balance sheet of Yellow Dog Enterprises Inc. at...
The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows:
The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows:1Dec. 31, 20Y8Dec. 31, 20Y72Assets3Cash$95,000.00$110,000.004Accounts receivable (net)260,000.00280,000.005Inventories520,000.00450,000.006Prepaid expenses15,000.005,000.007Equipment1,130,000.00800,000.008Accumulated depreciation-equipment(235,000.00)(190,000.00)9Total assets$1,785,000.00$1,455,000.0010Liabilities and Stockholders’ Equity11Accounts payable (merchandise creditors)$100,000.00$75,000.0012Mortgage note payable 0.00500,000.0013Common stock, $10 par500,000.00200,000.0014Paid-in capital in excess of par—common stock400,000.00100,000.0015Retained earnings785,000.00580,000.0016Total liabilities and stockholders’ equity$1,785,000.00$1,455,000.00Additional data obtained from the income statement and from an examination of the accounts in the ledger for 20Y8 are as follows:a. Net income, $250,000.b. Depreciation reported on the income statement,...
Statement of Cash Flows-Indirect Method The comparative balance sheet of Yellow Dog Enterprises Inc. at December...
Statement of Cash Flows-Indirect Method The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2048 and 2017, is as follows: Dec. 31, 2018 Dec. 31, 2017 Assets Cash $69,780 $85,420 Accounts receivable (net) 107,220 115,150 Merchandise inventory 153,160 142,720 Prepaid expenses 6,240 4,330 312,010 255,720 Equipment Accumulated depreciation-equipment (81,120) (62,710) Total assets $567,290 $540,630 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $119,130 $112,990 Mortgage note payable 0 162,190 18,000 11,000 271,000 152,000 Common stock, $1 par...
New Tab The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2018 and...
New Tab The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2018 and 2017, is as follows: Dec. 31, Dec. 31, 2048 2017 Assets Cash $85,800 Accounts receivable (net) 131,840 Inventories 188,350 7,670 $105,370 142,050 176,050 5,340 315,430 (77,360) Prepaid expenses Equipment Accumulated depreciation equipment Total assets (99,750) $697,570 $666,880 $146,490 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Mortgage note payable Common stock, $1 par Paid-in capital: Excess of issue price over par-common stock 0 22,000...
The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is...
The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows: 1 Dec. 31, 20Y8 Dec. 31, 20Y7 2 Assets 3 Cash $145,630.00 $180,110.00 4 Accounts receivable (net) 224,520.00 241,890.00 5 Inventories 321,860.00 299,730.00 6 Prepaid expenses 12,550.00 10,220.00 7 Equipment 655,090.00 537,200.00 8 Accumulated depreciation-equipment (170,220.00) (132,040.00) 9 Total assets $1,189,430.00 $1,137,110.00 10 Liabilities and Stockholders’ Equity 11 Accounts payable (merchandise creditors) $240,110.00 $237,190.00 12 Mortgage note payable 0.00 335,380.00 13 Common...
The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is...
The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows Dec. 31,20Y8 Dec. 31,20Y7 Assets 146190.00 $179,070.00 41,100.00 299,700.00 430.00 537,730.00 170,790.00) 0) 1,190,560.00 $1,135,130.00 3Cash 4Accounts receivable (net) Inventories 6 Prepaid expenses 7 Equipment 8Accumulated depreciation-equipment 9 Total assets 224,940.00 22,390.00 12,670.00 655,160.00 Liabilities and Stockholders' Equity 10 11 Accounts payable (merchandise creditors) 12 Mortgage note payable 13 Common stock, $10 par 14 Paid-in capital: Excess of issue price over par-common...
the comparative balance sheet of yellow dog enterprises inc. at December 31, 20Y8 and 20Y7, is...
the comparative balance sheet of yellow dog enterprises inc. at December 31, 20Y8 and 20Y7, is as follows: dec 31. 20Y8 dec 31. 20Y7. Assets. cash. $80,000.00. $100,000.00. Accounts receivable 275,000.00. 300,000.00. merchandise inventory 510,000.00. 400,000.00. prepaid expenses. 15,000.00. 10,000.00. equipment. 1,750,000.00. 750,000.00. Accumulated depreciation (200,000.00. (160,000.00. total Assets. 1,750,000.00. $1400,000.00. liabilities and stockholders equity. Accounts payable. $100,000.00. $90,000,00. mortgage note payable 0.00. 400,000.00. common stock $10 par. 600,000.00. 200,000.00. paid in capital. 300,000.00. 100,000.00. retained earnings. 750,000.00. 610,000.00. total...
The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is...
The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows: Dec. 31, 20Y8 Dec. 31, 20Y7 Assets Cash $55,870 $68,540 Accounts receivable (net) 85,850 92,390 Inventories 122,620 114,520 Prepaid expenses 5,000 3,470 Equipment 249,820 205,170 Accumulated depreciation-equipment (64,950) (50,320) Total assets $454,210 $433,770 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $95,380 $90,660 Mortgage note payable 0 130,130 Common stock, $1 par 14,000 9,000 Paid-in capital in excess of par-common stock 197,000...
Statement of Cash Flows—Indirect Method The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y...
Statement of Cash Flows—Indirect Method
The comparative balance sheet of Yellow Dog Enterprises Inc. at
December 31, 20Y8 and 20Y7, is as follows:
Dec. 31, 20Y8
Dec. 31, 20Y7
Assets
Cash
$86,670
$105,980
Accounts receivable (net)
133,170
142,880
Merchandise inventory
190,240
177,080
Prepaid expenses
7,750
5,370
Equipment
387,530
317,280
Accumulated depreciation-equipment
(100,760)
(77,810)
Total assets
$704,600
$670,780
Liabilities and Stockholders'
Equity
Accounts payable (merchandise creditors)
$147,970
$140,190
Mortgage note payable
0
201,230
Common stock, $1 par
22,000
14,000
Paid-in capital:...
Statement of Cash Flows—Indirect Method The comparative balance sheet of Yellow Dog Enterprises Inc. at December...
Statement of Cash Flows—Indirect Method The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows: Dec. 31, 20Y8 Dec. 31, 20Y7 Assets Cash $69,770 $85,140 Accounts receivable (net) 107,210 114,780 Inventories 153,140 142,260 Prepaid expenses 6,240 4,310 Equipment 311,980 254,890 Accumulated depreciation-equipment (81,110) (62,510) Total assets $567,230 $538,870 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $119,120 $112,620 Mortgage note payable 0 161,660 Common stock, $1 par 18,000 11,000 Paid-in capital in...
The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is...
The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows: Dec. 31, 20Y8 Dec. 31, 20Y7 Assets Cash $49,350 $60,220 Accounts receivable (net) 75,830 81,180 Inventories 108,320 100,620 Prepaid expenses 4,410 3,050 Equipment 220,660 180,280 Accumulated depreciation-equipment (57,370) (44,210) Total assets $401,200 $381,140 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $84,250 $79,660 Mortgage note payable 0 114,340 Common stock, $1 par 13,000 8,000 Paid-in capital: Excess of issue price over par-common...
Statement of Cash Flows-Indirect Method The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2048 and 2017, is as follows: Dec. 31, 2018 Dec. 31, 2017 Assets Cash $69,780 $85,420 Accounts receivable (net) 107,220 115,150 Merchandise inventory 153,160 142,720 Prepaid expenses 6,240 4,330 312,010 255,720 Equipment Accumulated depreciation-equipment (81,120) (62,710) Total assets $567,290 $540,630 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $119,130 $112,990 Mortgage note payable 0 162,190 18,000 11,000 271,000 152,000 Common stock, $1 par...
New Tab The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2018 and 2017, is as follows: Dec. 31, Dec. 31, 2048 2017 Assets Cash $85,800 Accounts receivable (net) 131,840 Inventories 188,350 7,670 $105,370 142,050 176,050 5,340 315,430 (77,360) Prepaid expenses Equipment Accumulated depreciation equipment Total assets (99,750) $697,570 $666,880 $146,490 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Mortgage note payable Common stock, $1 par Paid-in capital: Excess of issue price over par-common stock 0 22,000...
The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows Dec. 31,20Y8 Dec. 31,20Y7 Assets 146190.00 $179,070.00 41,100.00 299,700.00 430.00 537,730.00 170,790.00) 0) 1,190,560.00 $1,135,130.00 3Cash 4Accounts receivable (net) Inventories 6 Prepaid expenses 7 Equipment 8Accumulated depreciation-equipment 9 Total assets 224,940.00 22,390.00 12,670.00 655,160.00 Liabilities and Stockholders' Equity 10 11 Accounts payable (merchandise creditors) 12 Mortgage note payable 13 Common stock, $10 par 14 Paid-in capital: Excess of issue price over par-common...
Statement of Cash Flows—Indirect Method
The comparative balance sheet of Yellow Dog Enterprises Inc. at
December 31, 20Y8 and 20Y7, is as follows:
Dec. 31, 20Y8
Dec. 31, 20Y7
Assets
Cash
$86,670
$105,980
Accounts receivable (net)
133,170
142,880
Merchandise inventory
190,240
177,080
Prepaid expenses
7,750
5,370
Equipment
387,530
317,280
Accumulated depreciation-equipment
(100,760)
(77,810)
Total assets
$704,600
$670,780
Liabilities and Stockholders'
Equity
Accounts payable (merchandise creditors)
$147,970
$140,190
Mortgage note payable
0
201,230
Common stock, $1 par
22,000
14,000
Paid-in capital:...
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