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Exercise 4-13 (Algo) Statement of cash flows preparation direct method [LO4-8) The following summary transactions occur...
The following summary transactions occurred during 2021 for Bluebonnet Bakers: Cash Received from: Collections from customers...
The following summary transactions occurred during 2021 for Bluebonnet Bakers: Cash Received from: Collections from customers Interest on notes receivable Collection of notes receivable Sale of investments Issuance of notes payable Cash Paid for: Purchase of inventory Interest on notes payable Purchase of equipment Salaries to employees Payment of notes payable Dividends to shareholders $380,000 8,000 43,000 23,000 120,000 180,000 7,000 68,000 73,000 29,000 24,000 The balance of cash and cash equivalents at the beginning of 2021 was $15,000. Required:...
Saved The following summary transactions occurred during 2021 for Bluebonnet Bakers points Cash Received from: USES...
Saved The following summary transactions occurred during 2021 for Bluebonnet Bakers points Cash Received from: USES Collections from customers Interest on notes receivable Collection of notes receivable Sale of investments Issuance of notes payable Cash Paid for! Purchase of inventory Interest on notes payable Purchase of equipment Salaries to employees Payment of notes payable Dividends to shareholders $510,000 12,500 56.000 36.000 185,000 eBook Hint 245,000 8 ,500 95.000 100,000 42,000 37,000 Print Reference The balance of cash and cash equivalents...
The following summary transactions occurred during 2021 for Bluebonnet Bakers: Cash Received from: Collections from customers...
The following summary transactions occurred during 2021 for Bluebonnet Bakers: Cash Received from: Collections from customers $ 420,000 Interest on notes receivable 8,000 Collection of notes receivable 47,000 Sale of investments 27,000 Issuance of notes payable 140,000 Cash Paid for: Purchase of inventory 200,000 Interest on notes payable 9,000 Purchase of equipment 81,000 Salaries to employees 86,000 Payment of notes payable 33,000 Dividends to shareholders 28,000 The balance of cash and cash equivalents at the beginning of 2021 was $19,000....
The following summary transactions occurred during 2021 for Bluebonnet Bakers: Cash Received from: Collections from customers...
The following summary transactions occurred during 2021 for Bluebonnet Bakers: Cash Received from: Collections from customers $ 480,000 Interest on notes receivable 11,000 Collection of notes receivable 53,000 Sale of investments 33,000 Issuance of notes payable 170,000 Cash Paid for: Purchase of inventory 230,000 Interest on notes payable 7,000 Purchase of equipment 87,000 Salaries to employees 92,000 Payment of notes payable 39,000 Dividends to shareholders 34,000 The balance of cash and cash equivalents at the beginning of 2021 was $25,000....
Exercise 4-21 (Algo) Statement of cash flows; direct method [LO4-8) Presented below is the 2021 Income statement a...
Exercise 4-21 (Algo) Statement of cash flows; direct method [LO4-8) Presented below is the 2021 Income statement and comparative balance sheet information for Tiger Enterprises TIGER ENTERPRISES Incone Satenent To the Year Ended December 31, 2021 ( in thousands) Sales Eevenue Operating expenses: Core of goods old Depreciation expense Insurance capense General and administrative expense Total operating expenses Income before income taxes Income tax expense 6 100 1,800 N $1,050 income Balance sheet Internation in thousands) Dec. 31, 2021 Dec...
The following summary transactions occurred during 2021 for Bluebonnet Bakers; $420,000 8,000 47,000 27,000 140,000 Cash...
The following summary transactions occurred during 2021 for Bluebonnet Bakers; $420,000 8,000 47,000 27,000 140,000 Cash Received from: Collections from customers Interest on notes receivable Collection of notes receivable Sale of investments Issuance of notes payable Cash Paid for: Purchase of inventory Interest on notes payable Purchase of equipment Salaries to employees Payment of notes payable Dividends to shareholders 200,000 9,000 81,000 86,000 33,000 28,000 The balance of cash and cash equivalents at the beginning of 2021 was $19,000. Required:...
Exercise 4-21 (Static) Statement of cash flows; direct method [LO4-8] Presented below is the 2021 income...
Exercise 4-21 (Static) Statement of cash flows; direct method [LO4-8] Presented below is the 2021 income statement and comparative balance sheet information for Tiger Enterprises. TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2021 ($ in thousands) Sales revenue $ 7,000 Operating expenses: Cost of goods sold $ 3,360 Depreciation expense 240 Insurance expense 100 General and administrative expense 1,800 Total operating expenses 5,500 Income before income taxes 1,500 Income tax expense (600 ) Net income $ 900...
Exercise 4-21 (Algo) Statement of cash flows; direct method [LO4-8] Presented below is the 2021 income...
Exercise 4-21 (Algo) Statement of cash flows; direct method [LO4-8] Presented below is the 2021 income statement and comparative balance sheet information for Tiger Enterprises. TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2021 ($ in thousands) Sales revenue $ 7,660 Operating expenses: Cost of goods sold $ 3,470 Depreciation expense 350 Insurance expense 210 General and administrative expense 1,910 Total operating expenses 5,940 Income before income taxes 1,720 Income tax expense (710 ) Net income $ 1,010...
The following summary transactions occurred during 2018 for Bluebonnet Bakers: Cash Received from: Customers Interest on...
The following summary transactions occurred during 2018 for Bluebonnet Bakers: Cash Received from: Customers Interest on note receivable Principal on note receivable Sale of investments Proceeds from note payable $540,000 11,000 50,000 39,000 200,000 Cash Paid fors Purchase of inventory Interest on note payable Purchase of equipment Salaries to employees Principal on note payable Payment of dividends to shareholders 260,000 6,000 98,000 103,000 45,000 40,000 The balance of cash and cash equivalents at the beginning of 2018 was $31,000 Required...
Exercise 4-18 (Algo) Statement of cash flows; indirect method [LO4-8] Chew Corporation prepares its statement of ca...
Exercise 4-18 (Algo) Statement of cash flows; indirect method [LO4-8] Chew Corporation prepares its statement of cash flows using the indirect method of reporting operating activities. Net income for the 2021 fiscal year was $1.255.000. Depreciation expense of $145,000 was included with operating expenses in the income statement The following information describes the changes in current assets and liabilities other than cash: Increase in account Eeceivable Decrease in inventory Decrease in Prepaid expenses Decrease in salaries payabl. Increase in income...
The following summary transactions occurred during 2021 for Bluebonnet Bakers: Cash Received from: Collections from customers Interest on notes receivable Collection of notes receivable Sale of investments Issuance of notes payable Cash Paid for: Purchase of inventory Interest on notes payable Purchase of equipment Salaries to employees Payment of notes payable Dividends to shareholders $380,000 8,000 43,000 23,000 120,000 180,000 7,000 68,000 73,000 29,000 24,000 The balance of cash and cash equivalents at the beginning of 2021 was $15,000. Required:...
Saved The following summary transactions occurred during 2021 for Bluebonnet Bakers points Cash Received from: USES Collections from customers Interest on notes receivable Collection of notes receivable Sale of investments Issuance of notes payable Cash Paid for! Purchase of inventory Interest on notes payable Purchase of equipment Salaries to employees Payment of notes payable Dividends to shareholders $510,000 12,500 56.000 36.000 185,000 eBook Hint 245,000 8 ,500 95.000 100,000 42,000 37,000 Print Reference The balance of cash and cash equivalents...
Exercise 4-21 (Algo) Statement of cash flows; direct method [LO4-8) Presented below is the 2021 Income statement and comparative balance sheet information for Tiger Enterprises TIGER ENTERPRISES Incone Satenent To the Year Ended December 31, 2021 ( in thousands) Sales Eevenue Operating expenses: Core of goods old Depreciation expense Insurance capense General and administrative expense Total operating expenses Income before income taxes Income tax expense 6 100 1,800 N $1,050 income Balance sheet Internation in thousands) Dec. 31, 2021 Dec...
The following summary transactions occurred during 2021 for Bluebonnet Bakers; $420,000 8,000 47,000 27,000 140,000 Cash Received from: Collections from customers Interest on notes receivable Collection of notes receivable Sale of investments Issuance of notes payable Cash Paid for: Purchase of inventory Interest on notes payable Purchase of equipment Salaries to employees Payment of notes payable Dividends to shareholders 200,000 9,000 81,000 86,000 33,000 28,000 The balance of cash and cash equivalents at the beginning of 2021 was $19,000. Required:...
The following summary transactions occurred during 2018 for Bluebonnet Bakers: Cash Received from: Customers Interest on note receivable Principal on note receivable Sale of investments Proceeds from note payable $540,000 11,000 50,000 39,000 200,000 Cash Paid fors Purchase of inventory Interest on note payable Purchase of equipment Salaries to employees Principal on note payable Payment of dividends to shareholders 260,000 6,000 98,000 103,000 45,000 40,000 The balance of cash and cash equivalents at the beginning of 2018 was $31,000 Required...
Exercise 4-18 (Algo) Statement of cash flows; indirect method [LO4-8] Chew Corporation prepares its statement of cash flows using the indirect method of reporting operating activities. Net income for the 2021 fiscal year was $1.255.000. Depreciation expense of $145,000 was included with operating expenses in the income statement The following information describes the changes in current assets and liabilities other than cash: Increase in account Eeceivable Decrease in inventory Decrease in Prepaid expenses Decrease in salaries payabl. Increase in income...
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