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2014 Cash Flow Operating: 3 net income 9A/R 0 Preapid Insureance 31 Inventory 32 prepaid rent 33 Office supplies 51,058 -73,000 4,200 90,000 6,000 -1,500 20.423

2014 Cash Flow Operating: 3 net income 9A/R 0 Preapid Insureance 31 Inventory 32 prepaid rent 33 Office supplies 51,058 -73,000 4,200 90,000 6,000 -1,500 20.423

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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 Please Complete The 2014 CASH FLOW...!

22 23 24 25 2014 Cash Flow 26 27 Operating: 28 net income 29 A/R 30 Preapid Insureance 31 Inventory 32 prepaid rent 33 Office supplies 34 Dividends Payable 35 Tax payable 36 Advances From Customers 37 A/P 38 Salaries Payable 39 Net change in cash form Operating Activities 40 41 Investing: 42 Land 43 Net change in cash Investing Activities 44 45 Financing: 46 Notes payable 47 Intrest Payable 48 49 50 51 52 53 54 Net change in cash 55 56 57 58 40 51,058 -73,000 4,200 90,000 6,000 -1,500 20,423 27,493 -35,000 -12,000 15,000 92,674 -45,000 -45,000 40,000 1,000 68,250
Transcribed Image Text:22 23 24 25 2014 Cash Flow 26 27 Operating: 28 net income 29 A/R 30 Preapid Insureance 31 Inventory 32 prepaid rent 33 Office supplies 34 Dividends Payable 35 Tax payable 36 Advances From Customers 37 A/P 38 Salaries Payable 39 Net change in cash form Operating Activities 40 41 Investing: 42 Land 43 Net change in cash Investing Activities 44 45 Financing: 46 Notes payable 47 Intrest Payable 48 49 50 51 52 53 54 Net change in cash 55 56 57 58 40 51,058 -73,000 4,200 90,000 6,000 -1,500 20,423 27,493 -35,000 -12,000 15,000 92,674 -45,000 -45,000 40,000 1,000 68,250
Revenues Cost of Goods Sold Gross Profit 2014 Income Statement Insurance Expense Salary Expense Rental Expense - Van Rental Expense - Building Supplies Expense Advertising Expense Interest Expense Total Expenses PreTax Income (Loss) Income Tax Expense (Benefit)) Net Income (Loss) 4,200 180,000 2,750 12,000 3,500 3,000 1,000 375,000 90,000 285,000 206,450 78,550 27.493 $1,058 Assets Current Assets Cash Accounts Receivable Prepaid Insurance Merchandise Inventory Prepaid Rent Building Prepaid Rent Van Office Supplies Total Current Assets Noncurrent Assets Land Total Assets Liabilities and Shareholders' Equity Current Liabilities Dividends Payable Taxes Pavable Advances from Customers Accounts Payable Salaries Payable Total Current Liabilities 2014 Balance Sheet Notes Payable Interest Payable Total Liabilities Common Stock Additional Pasd-In Capital Retained Earnings Total Shareholders Equity Total Liabilities and Shareholders' Equity 12/31/2014 12/31/2013 183,050 73,000 0 162,000 0 1,500 419.550 0 45,000 464,550 20,423 27,493 10,000 240,000 15,000 312,916 114,800 0 4,200 252,000 6,000 0 0 377,000 377,000 45,000 252,000 0 297,000 40,000 1,000 353,916 297,000 0 0 0 0 16,000 64,000 30,635 110,635 80,000 464,550 377,000 16,000 64,000 0 1003023E
Transcribed Image Text:Revenues Cost of Goods Sold Gross Profit 2014 Income Statement Insurance Expense Salary Expense Rental Expense - Van Rental Expense - Building Supplies Expense Advertising Expense Interest Expense Total Expenses PreTax Income (Loss) Income Tax Expense (Benefit)) Net Income (Loss) 4,200 180,000 2,750 12,000 3,500 3,000 1,000 375,000 90,000 285,000 206,450 78,550 27.493 $1,058 Assets Current Assets Cash Accounts Receivable Prepaid Insurance Merchandise Inventory Prepaid Rent Building Prepaid Rent Van Office Supplies Total Current Assets Noncurrent Assets Land Total Assets Liabilities and Shareholders' Equity Current Liabilities Dividends Payable Taxes Pavable Advances from Customers Accounts Payable Salaries Payable Total Current Liabilities 2014 Balance Sheet Notes Payable Interest Payable Total Liabilities Common Stock Additional Pasd-In Capital Retained Earnings Total Shareholders Equity Total Liabilities and Shareholders' Equity 12/31/2014 12/31/2013 183,050 73,000 0 162,000 0 1,500 419.550 0 45,000 464,550 20,423 27,493 10,000 240,000 15,000 312,916 114,800 0 4,200 252,000 6,000 0 0 377,000 377,000 45,000 252,000 0 297,000 40,000 1,000 353,916 297,000 0 0 0 0 16,000 64,000 30,635 110,635 80,000 464,550 377,000 16,000 64,000 0 1003023E
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