Net Cash Provided by operating expenses | $ 79,720.00 | |
Net cash used by Investing activities | $ -20,920.00 | |
Net cash used by financing activities | $ -13,720.00 | |
Net Increase in cash | $ 45,080.00 | |
Cash at the end of the period | $ 66,640.00 |
Statement of Cashflow (Indirect Method) | |||
For the year ended dec 31,2020 | |||
Net Income | $ 68,600.00 | ||
Adjustment to reconcile Net income to net cash provided by operating Activities | |||
Depreciation Expense (Beg Bal.$ 29,400-End Bal.$ 39,200)-Accumulated Depn | $ 9,800.00 | ||
Loss on sale of investment (Investment Value 33,320-32000) | $ 1,320.00 | ||
Increase in Account receivable ( Beg Bal. $25,480-End bal $ 35,280) | $ -9,800.00 | ||
Increase in Inventory (Beg Bal. $33,320-End Bal $49,000) | $ -15,680.00 | ||
Decrease in prepaid exp (Beg Bal. $17,640-End Bal $11,760) | $ 5,880.00 | ||
Increase in Account Payable ( Beg Bal. $13,720- End Bal. $33,320) | $ 19,600.00 | $ 11,120.00 | |
Net Cash flow from operating Activities | $ 79,720.00 | A | |
Cashflows from Investing Activities | |||
Proceed from sale of Investment | $ 32,000.00 | ||
Purchase of new equipment (Beg Bal.$64,680-End Bal.$ 117,600 | $ -52,920.00 | $ -20,920.00 | |
Net Cashflows from Investing Activities | $ -20,920.00 | B | |
Cashflows from Financing Activities | |||
Issuance of Common Stock (Beg . Bal $45,080- End Bal $ 78,400) | $ 33,320.00 | ||
Payment of Dividend | $ -29,400.00 | ||
Payment of Bond Payable (Beg. Bal $ 88,200- End Bal. $ 70,560) | $ -17,640.00 | $ -13,720.00 | |
Net Cashflows from Financing Activities | $ -13,720.00 | C | |
Net Increase/(Decrease) in Cash | $ 45,080.00 | A+B+C | |
Beginning Cash in Hand | $ 21,560.00 | ||
Ending Cash in Hand | $ 66,640.00 | $ 45,080.00 | |
Net Increase/(Decrease) in Cash | |||
A comparative balance sheet for Miller Company appears below. Miller Company Comparative Balance Sheet 12/31/2019 12/31/2020...
Question 12 A comparative balance sheet for Rocker Company appears below: Dec 31, 2019 ROCKER COMPANY Comparative Balance Sheet Dec. 31, 2020 Assets Cash $34,000 Accounts receivable 18,000 Inventory 25,000 Prepaid expenses 6,000 Long-term investments 0 Equipment 60,000 Accumulated depreciation-equipment (20,000) Total assets $123,000 Liabilities and Stockholder's Equity Accounts payable $17,000 Bonds payable 36,000 Common stock 40,000 Retained earnings 30,000 Total liabilities and stockholders' equity $123,000 $11,000 13,000 17,000 9,000 17,000 33,000 (15,000) $85,000 $7,000 45,000 23,000 10,000 $85,000 Additional...
Question 16 A comparative balance sheet for Rocker Company appears below: Dec. 31, 2019 ROCKER COMPANY Comparative Balance Sheet Dec. 31, 2020 Assets Cash $34,000 Accounts receivable 18,000 Inventory 25,000 Prepaid expenses 6,000 Long-term investments Equipment 60,000 Accumulated depreciation--equipment (20,000) Total assets $123,000 Liabilities and Stockholder's Equity Accounts payable $17,000 Bonds payable 36,000 Common stock 40,000 Retained earnings 30,000 Total liabilities and stockholders' equity $123,000 $11,000 13,000 17,000 9,000 17,000 33,000 (15,000) $85,000 $7,000 45,000 23,000 10,000 $85,000 Additional infor...
Question 16 A comparative balance sheet for Rocker Company appears below: Dec. 31, 2019 ROCKER COMPANY Comparative Balance Sheet Dec. 31, 2020 Assets Cash $34,000 Accounts receivable 18,000 Inventory 25,000 Prepaid expenses 6,000 Long-term investments Equipment 60,000 Accumulated depreciation-equipment (20,000) Total assets $123,000 Liabilities and Stockholder's Equity Accounts payable $17,000 Bonds payable 36,000 Common stock 40,000 Retained earnings 30,000 Total liabilities and stockholders' equity $123,000 $11,000 13,000 17,000 9,000 17,000 33,000 (15,000) $85,000 $7,000 45,000 23,000 10,000 $85,000 Additional information:...
Question 12 A comparative balance sheet for Rocker Company appears below: Dec 31, 2019 ROCKER COMPANY Comparative Balance Sheet Dec. 31, 2020 Assets Cash $34,000 Accounts receivable 18,000 Inventory 25,000 Prepaid expenses 6,000 Long-term investments 0 Equipment 60,000 Accumulated depreciation--equipment (20,000) Total assets Hilver $123,000 Liabilities and Stockholder's Equity Accounts payable $17,000 Bonds payable 36,000 Common stock 40,000 Retained earnings 30,000 Total liabilities and stockholders' equity $123,000 $11,000 13,000 17,000 9,000 17,000 33,000 (15,000) $85,000 dy $7,000 45,000 23,000 10,000...
A comparative balance sheet for Rocher Company appears below ROCKER COMPANY Comparative Balance Sheet Dec 31, 2012 Dec 31, 2018 $11.000 $ 34,000 18.000 25.000 6.000 17 000 Accounts roonivable Inventory Prepaid expenses Long-term investments Equipment Accumulated depreciation Totalans 60 000 9.000 17.000 33 000 (15.000 $85.000 equipment $123.000 Liabilities and Stockholders' Equity Accounts payable $17.000 Bonds payable 30.000 Common stock 40.000 Rated earings 30.000 Totallaties and stockholders' equity $120.000 $ 7000 45.000 23.000 10.000 $85.000 Additional information 1 Net...
Dec 31, 2018 A comparative balance sheet for Rocker Company appears below: ROCKER COMPANY Comparative Balance Sheet Dec 31, 2019 Assets Cash $ 34,000 Accounts receivable 18,000 Inventory 25,000 Prepaid expenses 6,000 Long-term investments Equipment 60,000 Accumulated depreciation equipment (20,000) Total assets $123,000 Liabilities and Stockholders' Equity Accounts payable $ 17.000 Bonds payable 36.000 Common stock 40,000 Retained earnings Total liabilities and stockholders' equity $123,000 $11,000 13,000 17.000 9,000 17.000 33,000 (15,000) $85.000 $ 7.000 45,000 23,000 30,000 10.000 $85.000...
can i pleasw have help on the comparative balance sheet Comparative Balance Sheet December 31, 2020 and 2019 2020 2019 Assets Current Assets: Cash Accounts Receivable, Net Inventory (sunglasses) Prepaid Insurance Prepaid Rent Total Current Assets S $ $ $ $ $ 90,000 130,000 135,000 25,000 S $ $ S $ S 70,000 90,000 80,000 20,000 12,000 272,000 380,000 Property, Plant, and Equipment: Equipment Less: Accumulated Depreciation - Equipment Total Property, Plant, and Equipment Total Assets $ $ $ $...
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