1. Journalize for Java the entry declaring the cash dividends on December 15, 2018. 2. Journalize for Java the entry paying the cash dividends on January 4, 2019.
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- Record in fset with adjustments What are Skaife's Total Assets , liabilities and net income to be reported on its September 30, 2020 Balance Sheet? What are Skaife's Cash Collections from Customers following adjusting entries What are Skaife's net cash inflows (outflows) from operating activities?prepare statement of cashflow for gangsa perak sdn.bhd for the year ended 31 december 2019Illustration: ABC Co.'s cash balance on January 1 2018 was P 20 000 The following were the transactions that affected cash during the period a. Collections from customers for the sale of goods, b. Cash receipt from loan obtained from a bank, c. Cash receipt from additional investment by owner, d. Payments to suppliers for the purchase of inventory, e. Payments for employee salaries, f. Payments for rent expenses, g. Payment for utilities expense, h. Payment for the acquisition of equipment, i. Cash disbursements for drawings by owner, Required: Prepare the statement of cash flows from operating activities Please be guided by the rubric below: ACTIVITY No. RE 20 16 12 8 P 580 000 P 180 000 P 20 000 P 120 000 P 140 000 70 000 P P 20 000 P 200 000 P 60 000 the direct method of presenting cash flows DESCRIPTION The financial position is presented properly, and the amounts are correct The financial position is presented properly, and the amounts have few errors The financial position is…
- With the following economic events, please create the following: - A detailed transaction receipt w/ details regarding spending per event (for ex. debit cash + credit common stock, etc.) - A statement of cash flows - An income statement - A balance sheet - A statement of changes for stockholders equity Thank you so much!Quiz Question Please tell me what statement or statments End-of-period Retained Earnings Balance is on: Options: Income Statement Balance Sheet Statement of Cash Flows Statement of Retained EarningsC. Cash Flow Statement Prepare a Cash Flow Statement for Red Company for the year ended December 31, 2021. Red Company Balance Sheets December 31, ASSETS LIABILITIES AND EQUITY a. b. C. Cash Accounts receivable Inventory Investments (long-term) Land Equipment. Accumulated depreciation d. e. f. Accounts payable Salaries payable Dividends payable Common stock, $10 par Paid-in capital in excess of par Retained earnings Sales Cost of goods sold Gross profit Operating expenses: Depreciation expense Other information: Other operating expenses Total operating expenses Other income: Gain on sale of long-term investments Income before income tax Income tax expense Net income 2021 $ 186,800 250,000 293,000 0 Equipment was acquired for $78,000. Land was purchased for $290,000. The investments were sold for $190,000. 290,000 735,200 (221,800) $ 1,533,200 Red Company Income Statement Year Ended December 31, 2021 $164,800 13,400 33,200 200,000 640,000 481.800 $ 1,533,200 2020 $ 115,600 247,000…
- Which of the following fi nancial statements is generallyprepared fi rst?a. Income statement.b. Balance sheet.c. Statement of retained earnings.d. Statement of cash fl ows.Looking for the Less: Cash dividends declared to find the Retained earnings.. Attached the journal entries as well.May you please help me determine the true cash balance for February 28, 2020?
- Which of the following general journal entries should be used to record a cash dividend declaration?When a company prepares its annual financial reports, it must first prepare the Question 6 options: a) balance sheet b) income statement c) free cash flow report d) all of the above e) none of the aboveWhat is the Cash balance for January 1, current year (it’s highlighted) using that info