This fourth, and final, project for the semester will involve the following items to turn in:1) A statement of cash flows from information I will provide you.You can turn in the information in excel, best choice, word or hand written and scanned. All files need to be uploaded to this assignment. Liabilities & EquityAccounts Payable$5,384$ 10,088Bonds Payable36,00043,000Common stock78,00050,000Retained Earnings62,54345,477Total Liab & Equity$ 181,927$ 148,565Additional Information:1. Net income for the year ending December 31, 2018 was $ 18,002 which includes depreciationexpense of $5,449 .2.Dividends paid in cash were $9363.Bonds with a face-value of $7,000 were redeemed at face value upon maturity of the bonds in cash.4.Common Stock with a par value of $ 28,000 were issued at par value for cash. FOXTROT COMPANYComparative Balance SheetFor year ended December 31, 2019Dec. 31, 2019Dec.31, 2018AssetsCash$ 62,505$ 39,647Accounts receivable23,85420,520Prepaid expenses4,40611,067Inventory33,62931,437Equipment67,63950,551Асс. Dep. Equip.(10,106)(4,657)Total Assets$ 181,927$ 148,565

Cash Flow Statement The three important elements of financial statements are income statement,…

This fourth, and final, project for the semester will involve the following items to turn in: 1) A statement of cash flows from information I will provide you. You can turn in the information in excel, best choice, word or hand written and scanned. All files need to be uploaded to this assignment.

This fourth, and final, project for the semester will involve the following items to turn in: 1) A statement of cash flows from information I will provide you. You can turn in the information in excel, best choice, word or hand written and scanned. All files need to be uploaded to this assignment.

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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