Bear Tree Services reports the following amounts on December 31, 2024. Cash Supplies Prepaid Insurance Building Assets Cash Inflows Customers Borrow from the bank (noite) Sale of Investments Required: 1 Prepare a balance sheet. 2. Prepare a statement of cash flows. In addition, the company reported the following cash flows. Balance Sheet $8.GOD 21700 4400 31.000 Statement of Cash Flows Liabilities and Stockholders. Equity Accounts payable Salaries payable Notes payable Comeon stock Retained earnings Cash Out FlowS $78,000 Employee salaries 29,000 Supplies 23,500 Dividends Purchase building Complete this question by entering your answers in the tabs below. $31.000 13,000 11,000 80,000 & Answer is complete but not entirely correct. $12,400 4,400 29,000 40,000 10,900 Prepare a statement of cash flows. (Cash outflows and decreases in cash should be indicated by a minus sign.)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Statement of
Cash Flows
Prepare a statement of cash flows. (Cash outflows and decreases in cash should be indicated by a minus sign.)
BEAR TREE SERVICES
Statement of Cash Flows
Balance Sheet
Cash Flows from Operating Activities
From Customers
For Supplies
For Salaries
For the year ended December 31, 2024
Net Cash Flows from Operating Activities
Cash Flows from Investing Activities
Sale of investments
Purchase Building
Net cash flows used in investing activities
Cash Flows from Financing Activities
Pay Dividends
Borrow from Bank
Net Cash Flows from Financing Activities
Net Decrease in Cash
Cash at the Beginning of the Year
Cash at the End of the Year
33
33
S
78.000
(13,000)
-31.000
23,500
(80,000)
(11.000)
20.000
34.000
(50.500)
18,000
(4.500)
0
500
Transcribed Image Text:Statement of Cash Flows Prepare a statement of cash flows. (Cash outflows and decreases in cash should be indicated by a minus sign.) BEAR TREE SERVICES Statement of Cash Flows Balance Sheet Cash Flows from Operating Activities From Customers For Supplies For Salaries For the year ended December 31, 2024 Net Cash Flows from Operating Activities Cash Flows from Investing Activities Sale of investments Purchase Building Net cash flows used in investing activities Cash Flows from Financing Activities Pay Dividends Borrow from Bank Net Cash Flows from Financing Activities Net Decrease in Cash Cash at the Beginning of the Year Cash at the End of the Year 33 33 S 78.000 (13,000) -31.000 23,500 (80,000) (11.000) 20.000 34.000 (50.500) 18,000 (4.500) 0 500
Bear Tree Services reports the following amounts on December 31, 2024.
Cash
Supplies
Prepaid Insurance
Building
Assets
Cash Inflows
Customers
Borrow from the bank (noite)
Sale of Investments
Required:
1. Prepare a balance sheet.
2. Prepare a statement of cash flows.
In addition, the company reported the following cash flows.
Balance Sheet
$8.GOD
21700
4400
31.000
Statement of
Cash Flows
Liabilities and Stockholders. Equity
Accounts payable
Salaries payable
Notes payable
Comeon stock
Retained earnings
Cash Out FlowS
$78,000 Employee salaries
29,000 Supplies
23,500
Dividends
Purchase building
Complete this question by entering your answers in the tabs below.
$31.000
13,000
11,000
80,000
& Answer is complete but not entirely correct.
$12,400
4,400
29,000
40,000
10,900
Prepare a statement of cash flows. (Cash outflows and decreases in cash should be indicated by a minus sign.)
Transcribed Image Text:Bear Tree Services reports the following amounts on December 31, 2024. Cash Supplies Prepaid Insurance Building Assets Cash Inflows Customers Borrow from the bank (noite) Sale of Investments Required: 1. Prepare a balance sheet. 2. Prepare a statement of cash flows. In addition, the company reported the following cash flows. Balance Sheet $8.GOD 21700 4400 31.000 Statement of Cash Flows Liabilities and Stockholders. Equity Accounts payable Salaries payable Notes payable Comeon stock Retained earnings Cash Out FlowS $78,000 Employee salaries 29,000 Supplies 23,500 Dividends Purchase building Complete this question by entering your answers in the tabs below. $31.000 13,000 11,000 80,000 & Answer is complete but not entirely correct. $12,400 4,400 29,000 40,000 10,900 Prepare a statement of cash flows. (Cash outflows and decreases in cash should be indicated by a minus sign.)
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