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The balance sheet data of Ayayal Company at the end of 2025 and 2024 are Cash Accounts receivable (net) Merchandise inventory Prepaid expenses Equipment Accumulated depreciation-equipment Land Total assets Accounts payable Accrued expenses Notes payable-bank, short-term Bonds payable Common stock, $1 p Retained earnings Total liabilities and shareholders equity 2025 $7,500 82.700 87.700 9,100 171.000 (44,400) 29,400 2024 $10,10 19,800 85,90 182,000 86.600 $343,000 81.300 144.500 (36,300) 50,300 $343,000 $347,800 12,000 $43.800 $58.200 10,800 8.900 50,600 -0- 158,000 72,100 $347.800 Equipment was purchased for $24,000 in exchange for common stock, par $24.000, during the year: all other equipment purchased was for cash Land was sold for $31.000 Cash dividends of $7,000 were declared and paid during the year

The balance sheet data of Ayayal Company at the end of 2025 and 2024 are Cash Accounts receivable (net) Merchandise inventory Prepaid expenses Equipment Accumulated depreciation-equipment Land Total assets Accounts payable Accrued expenses Notes payable-bank, short-term Bonds payable Common stock, $1 p Retained earnings Total liabilities and shareholders equity 2025 $7,500 82.700 87.700 9,100 171.000 (44,400) 29,400 2024 $10,10 19,800 85,90 182,000 86.600 $343,000 81.300 144.500 (36,300) 50,300 $343,000 $347,800 12,000 $43.800 $58.200 10,800 8.900 50,600 -0- 158,000 72,100 $347.800 Equipment was purchased for $24,000 in exchange for common stock, par $24.000, during the year: all other equipment purchased was for cash Land was sold for $31.000 Cash dividends of $7,000 were declared and paid during the year

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The balance sheet data of Ayayal Company at the end of 2025 and 2024 are ca Cash Accounts receivable (net) Merchandise inventory Prepaid expenses Equipment Accumulated depreciation-equipment Land Total assets Accounts payable Accrued expenses Notes payable-bank, short-term Bonds payable Common stock, 51 par Retained earnings Total liabilities and shareholders' equity 2025 $7,500 82,700 87,700 9.100 171,000 (44,400) 29,400 $343,000 $43.000 10,800 19,800 182,000 86.600 $343,000 2024 $10,10 85,9 81,300 12.000 144,500 (36,300) 50,300 $347,800 $58,200 8.900 50,600 -0- 158,000 72,100 $347,800 Equipment was purchased for $24,000 in exchange for common stock, par $24.000, during the year: all other equipment purchased was for cash Land was sold for $31,000, Cash dividends of $7,000 were declared and paid during the year Compute net cash provided luned) by (Show amounts that decrease cash flow with either a-sien ex-12.000 or in parenthesis (12.0001)
Transcribed Image Text:The balance sheet data of Ayayal Company at the end of 2025 and 2024 are ca Cash Accounts receivable (net) Merchandise inventory Prepaid expenses Equipment Accumulated depreciation-equipment Land Total assets Accounts payable Accrued expenses Notes payable-bank, short-term Bonds payable Common stock, 51 par Retained earnings Total liabilities and shareholders' equity 2025 $7,500 82,700 87,700 9.100 171,000 (44,400) 29,400 $343,000 $43.000 10,800 19,800 182,000 86.600 $343,000 2024 $10,10 85,9 81,300 12.000 144,500 (36,300) 50,300 $347,800 $58,200 8.900 50,600 -0- 158,000 72,100 $347,800 Equipment was purchased for $24,000 in exchange for common stock, par $24.000, during the year: all other equipment purchased was for cash Land was sold for $31,000, Cash dividends of $7,000 were declared and paid during the year Compute net cash provided luned) by (Show amounts that decrease cash flow with either a-sien ex-12.000 or in parenthesis (12.0001)
Equipment was purchased for $24,000 in exchange for common stock, par $24,000, during the year, all other equipment purchased was for cash. Land was sold for $31,000. Cash dividends of $7,000 were declared and paid during the year. Compute net cash provided (used) by: (Show amounts that decrease cash flow with either a-sign eg.-12.000 or in parenthesis eg. (12,0001) (a) (b) (c) Net cash Net cash Net cash provided by operating activities. $ provided by investing activities. $ used by financing activities. $ 37000
Transcribed Image Text:Equipment was purchased for $24,000 in exchange for common stock, par $24,000, during the year, all other equipment purchased was for cash. Land was sold for $31,000. Cash dividends of $7,000 were declared and paid during the year. Compute net cash provided (used) by: (Show amounts that decrease cash flow with either a-sign eg.-12.000 or in parenthesis eg. (12,0001) (a) (b) (c) Net cash Net cash Net cash provided by operating activities. $ provided by investing activities. $ used by financing activities. $ 37000
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