Please do not give solution in image format thanku AssetsCashAccounts receivableShort-term investmentInventoryLandBuildings and equipmentLess: Accumulated depreciationLiabilitiesAccounts payableSalaries payableInterest payableIncome tax payableNotes payableBonds payableShareholders' EquityCommon stockPaid-in capital-excess of parRetained earningsGA$SA$GA202142 73 407550550(115)71582590160250126135715$GA$20203075157060400(75)575553236123010020010090575 Revenues:Sales revenueExpenses:Cost of goods soldSalaries expenseDepreciation expenseInterest expenseLoss on sale of landIncome tax expenseNet income$130454012370$38030080Additional information from the accounting records:a. Land that originally cost $10,000 was sold for $7,000.b. The common stock of Microsoft Corporation was purchased for $25,000 as a short-term investment not classified as a cash equivalent.c. New equipment was purchased for $150,000 cash.d. A $30,000 note was paid at maturity on January 1.e. On January 1, 2021, bonds were sold at their $60,000 face value.f. Common stock ($50,000 par) was sold for $76,000.g. Net income was $80,000 and cash dividends of $35,000 were paid to shareholders.Prepare the statement of cash flows ofWright Company for the year endedDecember 31, 2021. Prepare a cash flowsfrom operating activities by the directmethod.

Cash Flow Statement - Cash Flow Statement is dividend into two methods 1) Direct Method and 2)…

Revenues: Sales revenue Expenses: Cost of goods sold Salaries expense Depreciation expense Interest expense Loss on sale of land Income tax expense Net income PRE 130 45 OWNBA 40 12 70 $ d. A $30,000 note was paid at maturity on January 1. e. On January 1, 2021, bonds were sold at their $60,000 face value. f. Common stock ($50,000 par) was sold for $76,000. g. Net income was $80,000 and cash dividends of $35,000 were paid to shareholders. 380 300 80 Additional information from the accounting records: a. Land that originally cost $10,000 was sold for $7,000. b. The common stock of Microsoft Corporation was purchased for $25,000 as a short-term investment not classified as a cash equivalent. c. New equipment was purchased for $150,000 cash. Prepare the statement of cash flows of Wright Company for the year ended December 31, 2021. Prepare a cash flows from operating activities by the direct method.

Revenues: Sales revenue Expenses: Cost of goods sold Salaries expense Depreciation expense Interest expense Loss on sale of land Income tax expense Net income PRE 130 45 OWNBA 40 12 70 $ d. A $30,000 note was paid at maturity on January 1. e. On January 1, 2021, bonds were sold at their $60,000 face value. f. Common stock ($50,000 par) was sold for $76,000. g. Net income was $80,000 and cash dividends of $35,000 were paid to shareholders. 380 300 80 Additional information from the accounting records: a. Land that originally cost $10,000 was sold for $7,000. b. The common stock of Microsoft Corporation was purchased for $25,000 as a short-term investment not classified as a cash equivalent. c. New equipment was purchased for $150,000 cash. Prepare the statement of cash flows of Wright Company for the year ended December 31, 2021. Prepare a cash flows from operating activities by the direct method.

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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JFK Sp G Persua: BIF ANSV B which c BWILL BE M (no sub Gis engli + n/courseware-delivery//ua/69158/45467532/aHR0cHM6Ly9mMi5hcHAUZWRtZW50dW0uY29tL2xlYXJuZXItdWkvc2Vjb25kYXJ5L3VzZXItY... < ☆ Unit Activity: Mathematical Models and Consumer Finance https:// Online Task 2 Saving Money Respond to each question below in two to three complete sentences. Each question is worth four points. BIUX² X₂ 15px Space used (includes formatting): 0/ 15000 Edment A G What fa Part A How can knowing your spending habits make it easier for you to learn to save money? Give an example to illustrate your explanation. !!! 6 of 12 V Print Sav
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LutoSave 日 Off UnitlILabAssignment_Question1 O Search (Alt-Q) Protected View Home Insert Draw Page Layout Formulas Data Review View Help PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing fx Formula: Multiply, Subtract; Cell Referencing A D E F G H. K Formula: Multiply, Subtract; Cell Referencing Using Excel to Record Stock Entries Student Work Area PROBLEM Required: Provide input into cells shaded in yellow in this template. Select account names from the drop-down lists. Use cell references to the data area. Use mathematical formulas to calculate any amounts not given. On May 10, Jack Corporation issues common stock for cash. Shares of stock issued Par value per share 2,000 24 %24 10.00 Amount at which stock issued 18.00 Journalize the issuance of the stock. 10 11 Date Debit Credit 12 May 10 13 14 15 16 17 18 19 20 21 22 23 25 26 27 28 29 30 31 32 33 Enter Answer Ready 24
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