**Statement of Cash Flows** **Cash Flows from Operating Activities:** - **Net Income:** $______ **Add:** - __________: $______ - __________: $______ **Deduct:** - __________: $______ - __________: $______ - **Net cash flows from operating activities:** $______ **Cash Flows from Investing Activities:** **Add:** - __________: $______ - __________: $______ **Deduct:** - __________: $______ - __________: $______ - **Net cash flows from investing activities:** $______ **Cash Flows from Financing Activities:** **Add:** - __________: $______ - __________: $______ **Deduct:** - __________: $______ - __________: $______ - **Net cash flows from financing activities:** $______ **Summary:** - **Increase or decrease in cash:** $______ - **Cash at the beginning of the year:** $______ - **Cash at the end of the year:** $______ **XYZ Company Balance Sheet** **For the year ended December 31, 20X2** | **Description** | **Dec. 31, 20X2** | **Dec. 31, 20X1** | **Inc./Dec.** | |-----------------------------------|-------------------|-------------------|---------------| | **Assets** | | | | | Cash | 25,000 | 22,000 | 3,000 | | Accounts Receivable | 30,000 | 10,000 | 20,000 | | Inventories | 23,000 | 19,000 | 4,000 | | Investments | 15,000 | 40,000 | (25,000) | | Land | 60,000 | 0 | 60,000 | | Equipment | 88,000 | 54,000 | 34,000 | | Accumulated Depreciation - Equip. | (8,000) | (5,000) | 3,000 | | **Total Assets** | 233,000 | 140,000 | | | **Liabilities and Equity** | | | | | Accounts Payable | 16,000 | 18,000 | (2,000) | | Accrued Expenses | 20,000 | 3,000 | 17,000 | | Dividends Payable | 25,000 | 14,000 | 11,000 | | Common Stock | 120,000 | 80,000 | 40,000 | | Paid-in Capital | 20,000 | 15,000 | 5,000 | | Retained Earnings | 32,000 | 10,000 | 22,000 | | **Total Liabilities and Equity** | 233,000 | 140,000 | | --- **Notes:** a. The investments were sold for $24,000 cash. b. Equipment and land were acquired for cash. c. There were no disposals of equipment during the year. d. The common stock was

Statement of Cash Flows Cash Flows from Operating Activities: - Net Income: $ Add: - : $ - : $ Deduct: - : $ - : $ - Net cash flows from operating activities: $ Cash Flows from Investing Activities: Add: - : $ - : $ Deduct: - : $ - : $ - Net cash flows from investing activities: $ Cash Flows from Financing Activities: Add: - : $ - __: $ Deduct: - : $ - : $ - Net cash flows from financing activities: $ Summary: - Increase or decrease in cash: $ - Cash at the beginning of the year: $ - Cash at the end of the year: $ XYZ Company Balance Sheet For the year ended December 31, 20X2 | Description | Dec. 31, 20X2 | Dec. 31, 20X1 | Inc./Dec. | |-----------------------------------|-------------------|-------------------|---------------| | Assets | | | | | Cash | 25,000 | 22,000 | 3,000 | | Accounts Receivable | 30,000 | 10,000 | 20,000 | | Inventories | 23,000 | 19,000 | 4,000 | | Investments | 15,000 | 40,000 | (25,000) | | Land | 60,000 | 0 | 60,000 | | Equipment | 88,000 | 54,000 | 34,000 | | Accumulated Depreciation - Equip. | (8,000) | (5,000) | 3,000 | | Total Assets | 233,000 | 140,000 | | | Liabilities and Equity | | | | | Accounts Payable | 16,000 | 18,000 | (2,000) | | Accrued Expenses | 20,000 | 3,000 | 17,000 | | Dividends Payable | 25,000 | 14,000 | 11,000 | | Common Stock | 120,000 | 80,000 | 40,000 | | Paid-in Capital | 20,000 | 15,000 | 5,000 | | Retained Earnings | 32,000 | 10,000 | 22,000 | | Total Liabilities and Equity | 233,000 | 140,000 | | --- Notes: a. The investments were sold for $24,000 cash. b. Equipment and land were acquired for cash. c. There were no disposals of equipment during the year. d. The common stock was

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter6: Receivables And Inventories

Section: Chapter Questions

Problem 6.2MBA: Allowance method Using transactions listed in £6-S. indicate the effects of each transaction on the...

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