Comparative balance sheets for Pharoah Company are as follows.AssetsCashAccounts receivableInventoryLandEquipmentAccumulated depreciation-equipmentTotalLiabilities and Stockholders' EquityAccounts payableBonds payableCommon stock ($1 par)Retained earningsTotalAdditional information:1.2.3.4.5.6.7.Pharoah CompanyComparative Balance SheetsDecember 31Balance Sheet AccountsTotalTotalNet income for 2025 was $136,000.Cash dividends of $67,000 were declared and paidBonds payable with a carrying value of $46,000 were redeemed for $46,000 cash.Common stock was issued at par for $60,000 cash.Depreciation expense was $23,100.Sales revenue for the year was $970,000.Land was sold at cost, and equipment was purchased for cash.Investing activitiesPrepare a worksheet for a statement of cash flows for 2025 using the indirect method. Enter the reconciling items directly on the worksheet. (Show amounts that decrease cash flow with either a-sign eg-15,000Statement of Cash Flow EffectsOperating activitiesFinancing activitiesTotalsTotalsDebits2025$80,500 $22,10084,50076,200180,000190,20082,000106,000264,000204,000(63,500) (40,400)$627,500$558,100Credits$33,700164,0002024$47,300210,000222,000 162,000207,800 138,800$627,500 $558,100$$$PHAROAH COMPANYWorksheet-Statement of Cash FlowsDecember 31, 2025VBalance12/31/24S$S$DebitReconciling ItemsSS$$CreditSSSSBalance12/31/25

The indirect cash inflow statement, Cash inflows are calculated by matching net income to the…

Prepare a worksheet for a statement of cash flows for 2025 using the indirect method. Enter the reconciling items directly on the worksheet. (Show amounts that decrease cash flow with either a-sign eg-15 Balance Sheet Accounts Debits $ PHAROAH COMPANY Worksheet-Statement of Cash Flows December 31, 2025 Balance 12/31/24 ]]] $ Debit Reconciling Items Credit ]]] S Balance 12/31/25

Prepare a worksheet for a statement of cash flows for 2025 using the indirect method. Enter the reconciling items directly on the worksheet. (Show amounts that decrease cash flow with either a-sign eg-15 Balance Sheet Accounts Debits $ PHAROAH COMPANY Worksheet-Statement of Cash Flows December 31, 2025 Balance 12/31/24 ]]] $ Debit Reconciling Items Credit ]]] S Balance 12/31/25

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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1. How much cash is received from sales to customers for year 2021? Assume all the sales were made on credit basis . 2. What is the net increase or decrease in the Cash account for year 2021?
Help Save & Exit Which of the following items do we report in the statement of cash flows using the direct method? Multiple Choice 39 19 Depreciation expense. Cash paid to suppliers. Gain on sale of an asset. Loss on sale of an asset. C raw hp
How do I prepare a statement of cash flows using the indirect method?
Give the statement of cash flows
HOWV2 |Online teachir X no subject) - morganmcgrew4@ X ywhat are two examples of cash in X ssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress3false * G M * eBook C Show Me How Classifying Cash Flows Identify whether each of the following would be reported as an operating, investing, or financing activity on the statement of cash flows: a. Purchase of investments b. Disposal of equipment Financing C. Payment for selling expenses Investing d. Collection of accounts receivable Operating e. Cash sales f. Issuance of bonds payable Next Check My Work 12:04 PM 12/2/2020 a 1N
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Complete the statement of cash flows for Year 2021 using the indirect method by filing in the spaces.
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Calculate cash balances based on the information provided in the chart below and show me how you did it Pro Forma Cash Flow Cash Received Cash from Operations Cash Sales $24,198 $100,099 $122,460 Cash from Receivables $46,108 $217,218 $342,905 Subtotal Cash from Operations $70,306 $317,317 $465,366 Additional Cash Received Sales Tax, VAT, HST/GST Received $0 $0 $0 New Current Borrowing $0 $0 $0 New Other Liabilities (interest-free) $0 $0 $0 New Long-term Liabilities $0 $40,000 $0 Sales of Other Current Assets $0 $0 $0 Sales of Long-term Assets $0 $0 $0 New Investment Received $0 $0 $0 Subtotal Cash Received $70,306 $357,317 $465,366 Expenditures Year 1 Year 2 Year 3 Expenditures from Operations Cash Spending $167,000 $225,200 $229,200 Bill Payments $75,294 $124,114 $152,785 Subtotal Spent on Operations $242,294 $349,314 $381,985 Additional Cash Spent Sales Tax,…
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