summary of cash flows for Linda's Design Services for the year ended December 31 is shown below.Cash receipts:Cash received from customers$81,180Cash received from additional investment by owner14,720Cash payments:Cash paid for expenses$28,750Cash paid for land62,520Cash paid for supplies490Drawing7,280Cash balance as of January 1$5,830Prepare a statement of cash flows for Linda's Design Services for the year ended December 31. Use the minus sign to indicate cash out flows, cash payments, and decreases incash Linda's Design ServicesStatement of Cash FlowsFor the Year Ended December 31Cash flows from operating activities:Net cash flow from operating activitiesCash flows from investing activities:Cash flows from financing activities:cash flow from financing activitiesNet change in cash during yearCash as of January 1Cash as of December 31

Cash flow statements are the statements that decides the inflow and surge of money from three…

Answered: summary of cash flows for Linda's…

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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Using the following information please prepare a statement of cash flow Revenue forServices$75,000.00 Checks written to Vedors$25,000.00 Payment to employees$10,000.00 Cash, beginning of year$50,000.00 Purchase new equipment$35,000.00 Loan Repayment$17,500.00
help me answer these please
Select all that apply Grey Company earned $5,000 of revenue on account during Year 1, but collected the cash associated with the receivables in Year 2. Based on this information alone, under accrual accounting, the company will report revenue of. $5,000 and cash inflow from operations of zero in Year 2 $5,000 and cash inflow from operations of zero in Year 1 zero and cash inflow from operations of $5,000 in Year 2 zero and cash inflow from operations of $5,000 in Year 1
atio of Cash to Monthly Cash Expenses Financial data for Abrams Company follow: For Year EndedDecember 31 Cash on December 31 $54,270 Cash flow from operations (97,200) a. Compute the ratio of cash to monthly cash expenses. Round your answer to one decimal place.fill in the blank 1 months b. Interpret the results computed in (a).
Days' cash on hand Financial statement data for years ending December 31 for Newton Company follow: 20Y9 20Y8 Cash (end of year) $25,500 $24,250 Short-term investments (end of year) 8,270 9,460 Operating expenses 60,135 63,780 Depreciation expense 13,225 11,400 Determine the days’ cash on hand for 20Y8 and 20Y9. Assume 365 days in a year. Round all calculations to one decimal place. Days’ Cash on Hand 20Y8: fill in the blank 1 66 days 20Y9: fill in the blank 2 days
Cash basis. Revenue on the income statement was $140,800. Accounts receivable were $3,500 on January 1 and $3,540 on December 31. Unearned revenue was $1,050 on January 1 and $1,670 on December 31. Show the computation of revenue for the year on a cash basis.
The following income statement was drawn from the annual report of Newtown Company: Cash revenue $ 69,800 Depreciation expense (24,900) Accrued interest expense (10,400) Cash operating expenses (29,700) Operating income 4800 Gain on sale of equipment 2600 Net income $ 7400 What is the net cash flow from operating activities? Group of answer choices $40,100 $42,700 $35,300 $32,700 Training
Prepare cash flow of accounts. thank you!
Subject: acounting
Based on the following transactions, calculate the revenues and expenses that would be reported (a) on the cash basis and (b) on the accrual basis: a. Credit sales to customers totalled $52,350. b. Cash sales totalled $147,850. C. Cash collections on account from customers totalled $52,350. d. Cost of goods sold during the period was $25,950. Payments made to suppliers of inventory totalled $50,900. Wages of $31,800 were paid during the year. In addition, wages of $1,800 remained unpaid at year end; there were no wages unpaid at the beginning of the year. g. Halfway through the year, a one-year insurance policy was purchased at a cost of $2,370. h. At the end of the year the company paid $2,970 for the first 3 months' rent for the upcoming year. e. f. a. b. C. d. e. f. 5.0 h. (a) on the cash basis Revenues Expenses (b) on the accrual basis Revenues Expenses
A summary of cash flows for Conching Printing for the year ended May 31, 2020, is shown below. Cash receipts: Cash received from fees earned P 1,500,000.00 Additional investment of owner 75,000.00 Cash payments: Cash paid for expenses 1,215,000.00 Cash paid for equipment 240,000.00 Cash paid to owner for personal use 66,000.00 Determine the net cash flows from operating activities.
Case A: Compute cash interest received Interest revenue Interest receivable, beginning of year Interest receivable, end of year For each separate case, compute the required cash flow information for BioClean. Case A: Case B: Case B: Compute cash paid for wages $5,400 Wages expense 680 Wages payable, beginning of year 1,900 Wages payable, end of year Cash received for interest Cash paid for wages $ 9,800 3,000 1,800

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