Statement of Cash Flows 12/15/2024 November 2024 Nov 24 OPERATING ACTIVITIES Net Income 16,507.99 Adjustments to reconcile Net Income to net cash provided by operations: 11000 ?Accounts Receivable -2,612.85 12100 ?Inventory Asset -2,472.84 13100 ?Pre-paid Insurance 605.89 13400 ?Retainage Receivable -2,174.50 20000 ?Accounts Payable 16,210.77 20500 ?QuickBooks Credit Card -1,025.00 20600 ?CalOil Credit Card 388.52 24000 ?PayrolI Liabilities:24010 ?Federal Withholding 1.00 24000 ?PayrolI Liabilities:24020 ?FICA Payable 7.28 24000 ?Payroll Liabilities:24050 ?State Withholding -0.60 24000 ?Payroll Liabilities:24070 ?State Disability Payable -16.66 24000 ?PayrolI Liabilities:24080 ?Worker's Compensation 1.67 24000 ?PayrolI Liabilities:24100 ?Emp. Health Ins Payable -50.00 25500 ?Sales Tax Payable -353.74 Net cash provided by Operating Activities 25,016.93 FINANCING ACTIVITIES 23000 ?Loan - Vehicles (Van) 28100 ?Loan - Construction Equipment -494.69 -216.61 28700 ?Note Payable - Bank of Anycity -2,675.56 Net cash provided by Financing Activities -3,386.86 Net cash increase for period 21,630.07 Cash at beginning of period Cash at end of period 77,921.51 99,551.58

Statement of Cash Flows 12/15/2024 November 2024 Nov 24 OPERATING ACTIVITIES Net Income 16,507.99 Adjustments to reconcile Net Income to net cash provided by operations: 11000 ?Accounts Receivable -2,612.85 12100 ?Inventory Asset -2,472.84 13100 ?Pre-paid Insurance 605.89 13400 ?Retainage Receivable -2,174.50 20000 ?Accounts Payable 16,210.77 20500 ?QuickBooks Credit Card -1,025.00 20600 ?CalOil Credit Card 388.52 24000 ?PayrolI Liabilities:24010 ?Federal Withholding 1.00 24000 ?PayrolI Liabilities:24020 ?FICA Payable 7.28 24000 ?Payroll Liabilities:24050 ?State Withholding -0.60 24000 ?Payroll Liabilities:24070 ?State Disability Payable -16.66 24000 ?PayrolI Liabilities:24080 ?Worker's Compensation 1.67 24000 ?PayrolI Liabilities:24100 ?Emp. Health Ins Payable -50.00 25500 ?Sales Tax Payable -353.74 Net cash provided by Operating Activities 25,016.93 FINANCING ACTIVITIES 23000 ?Loan - Vehicles (Van) 28100 ?Loan - Construction Equipment -494.69 -216.61 28700 ?Note Payable - Bank of Anycity -2,675.56 Net cash provided by Financing Activities -3,386.86 Net cash increase for period 21,630.07 Cash at beginning of period Cash at end of period 77,921.51 99,551.58

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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Similar questions

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