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
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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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