Listed here are selected aggregate transaction for modern style furniture company from the first quarter of a recent year (dollar in million.
Complete the following table by entering the amount the amount of the effect of each transaction. Enter negative amounts with a minus sign. Consider each item independently.
Transaction current Asset Gross profit current Liabilities Cash Flow from
Operating Activities
a.
b.
Transaction | Current Assets | Gross Profit | Current Liabilites | Cash flow from operating activities | |||
Transaction - A | $ 40.80 | $ - | $ -40.80 | $ 40.80 | |||
Transaction - B | $ -5.60 | $ - | $ -5.60 | $ -5.60 | |||
Listed here are selected aggregate transaction for modern style furniture company from the first quarter of a recent yea...
Question 22 Listed here are selected aggregate transaction for modern style furniture company from the first quarter of a recent year (dollar in million. Recorded collections of cash from customers owed on open account of $40.8 Repaid 5.6 in principal on line of credit with a bank with principal payable within one year. Complete the following table by entering the amount the amount of the effect of each transaction. Enter negative amounts with a minus sign. Consider each item independently....
Question 22 Need Help With This Problem (3) Listed here are selected aggregate transaction for modern style furniture company from the first quarter of a recent year (dollar in million. Recorded collections of cash from customers owed on open account of $40.8 Repaid 5.6 in principal on-line of credit with a bank with principal payable within one year. Complete the following table by entering the amount of the effect of each transaction. Enter negative amounts with a minus sign. Consider...
Motif Furniture designs and sells modern furniture. For each of the following first-quarter transactions, indicate whether operating (O), investing (), or financing activities (F) are affected and whether the effect is a cash inflow (+) or outflow (-). Activity Cash Flow 1. Bought used equipment for cash 2 Paid cash to purchase new equipment 3. Declared and paid cash dividends to shareholders 4. Collected payments on account from customers 5. Recorded an adjusting entry to record accrued salaries expense Recorded...
Question 21 Hasbro is one of the world’s lending toy manufactures and the maker of such popular board games as Monopoly, Scrabble, and Clue among other. Listed here are selected aggregate transactions from a recent year (dollars in million). Record sales on account of $4,285.6 and related cost of goods sold of $1,836.3. Issued debt due in six months with a principal amount of $500. Incurred research and development expense of $197.6 which was paid in cash. Complete the following...
Hasbro is one of the world’s lending toy manufactures and the maker of such popular board games as Monopoly, Scrabble, and Clue among other. Listed here are selected aggregate transactions from a recent year (dollars in million). a. Record sales on account of $4,285.6 and related cost of goods sold of $1,836.3 b. issued debt due in six months with a principal amount $500. c. incured research and development expense of $197.6 which was paid in cash Complete the following...
Question 21- Looking For Help With This Problem (3) Hasbro is one of the world’s lending toy manufactures and the maker of such popular board games as Monopoly, Scrabble, and Clue among other. Listed here are selected aggregate transactions from a recent year (dollars in million). Record sales on account of $4,285.6 and related cost of goods sold of $1,836.3. Issued debt due in six months with a principal amount of $500. Incurred research and development expense of $197.6 which...
Enter each transaction into the accounting equation. Begin by entering transaction a. Then, enter each transaction in the order they occurred. (Use parentheses or a minus sign when entering account decreases. Use only the necessary input lines.) i Transactions Marlene and Pamela opened up MP Public Relations Firm by contributing $22,750 on July 1, 2009, in exchange for common stock. The firm borrowed $15,000 from the bank on July 1 . The note is a 1-year, 10% note, with both...
a. Susan and Lucy opened up Gardening Made Easy by contributing $23,800 on July 1, 2009, in exchange for common stock. b. The firm borrowed $17,000 from the bank on July 1. The note is a 3-year, 8% note, with both principal and interest to be repaid on June 30, 2010. C. The firm prepaid a year of rent for $1,350 that started August 1, 2009. d. The firm paid $975 cash for operating expenses for the first month. e....
The following data were selected from the records of Sykes Company for the year ended December 31, current year. Balances January 1, current year Accounts receivable (various customers) $ 124,000 Allowance for doubtful accounts 9,000 In the following order, except for cash sales, the company sold merchandise and made collections on credit terms 3/10, n/30 (assume a unit sales price of $500 in all transactions). Transactions during current year Sold merchandise for cash, $274,000. Sold merchandise to R. Smith; invoice...
The following transactions occurred during a recent year: a. Paid wages of $900 for the current period (example). b. Borrowed $4,500 cash from local bank using a short-term note. c. Purchased $1,800 of equipment on credit. d. Earned $360 of sales revenue; collected cash. e. Received $720 of utilities services, on credit. f. Earned $1,530 of service revenue, on credit. g. Paid $270 cash on account to a supplier. h. Incurred $65 of travel expenses; paid cash. 1. Earned $360...