Question

Problem 11-3 Larry's Landscaping March Statement of Cash Flows The following are the Balance Sheets for Larry's Landscaping as of February 28, 2017 (the end of last period) and March 31, 2019 (the end of this period) Larry's Landscaping Balance Sheets as of the End of February and March 2010 March 31. 2019 February 28, 2019 Assos Cash $17,500 $15.000 Total Current Assets 17.500 15,000 Eumant 40.000 25.000 Building 100.000 100.000 Accumuited Depreciation Equipment 1900) Accumulated Depreciation Building (1,000) Land.. 20000 20 000 Total Property. Plant & Equipment 156.500 145.000 Total Assets $170.000 $160.000 $100,000 100 000 Note Payable Long-Term $110.000 Total Liabilities 110,000 Owners' Equity Common Stock 0.000 Poid-in Capital in Excess of Par Value 54 XX Retained Earnings .000 Total Ow u ty 68.000 Tool s and Equity $175.000 6000 54,000 60 000 $160.000 The following additional information for the period March 1 to March 31, 2018 Additional Equipment was purchased for $15,000 cash Depreciation was recorded for the Equipment and for the Building $10.000 tona was borrowed on the long-Term Note from the bank The income Station for March showed a Not income of $6,000 No Dividends were decired during the month of March Use the following to complete this problem The Cash Flow Worksheet in the workbook 11.12 San Cash Flow Worksheet The form Statement of Cash Flows for March 1 to March 31, 2011 on Pg 230 Requirement 1 Prepare a Cash Flow Worksheet for the period March 1 to March 31, 2019 Tip: On your Cash Flow Wiveshow combine two on Devi Soraw o one once and Then we only want pour Sta a r Cash Requirement 2 Uning the data from the Cash Flow Worksheet prepared in Requirement p Statement of Cash Flows for the period March 1 to March 31, 2019 ara a

Answer 1

- Cash flow worksheet Particulars 102/28/19 | Debit / Credit 03/31/19 Cash 15,000 | 2500 12,500 Equipment 25,000 15000 40,000 Blung 1,00,000 Acc. Dep. Eqp 500 (500) acc-Dep - Blana 1 o 1 - 11000 1 (1000) 20,000 20.000 160,000 1136,000 Note Payable 1 100,000 ! 10,000 1110,000 common stocll I 6000 Paid in Cap 154,000 154,000 - 6000 6000 160,000 1196,000 Retained Corny

flow Amit - Statement of cash Particulars Cash flow from Operating octuities: Net Income Add: Dep on Equipment Dop on Building Cosh provided by Operating 6,000 500 1000 7,500 (15000) Cash flow from investing activities Purchase of equipment cash used in Investing activities (15,000 Cash flow from financing Actuites Amount borrowed from Noten Cash provided by fironcing 10,000 10,000 activities March ! 2,500 Increase in cash from to March 31, 2019 15,000 -> 2,500 Beginning cash Balance March 1 Increase in cash from Marche to March 31, 2018 Erding Cash Belence March 31, 2019 1,500