Unable to find the cash balance, December 31, 2016 because I can’t figure out the net increase (decrease) in cash Statement of Cash FlowsGlossary? HINTActivity 4.b - Prepare a Statement of Cash FlowsPrepare the Statement of Cash Flows for Smart Touch Learning for the month ended December 31,2016 from the provided information. Within each section of the statement, use the drop-down menusto enter the accounts. Then enter the account balances and calculate ending balances. Enter decreasesin cash with a minus sign or parentheses.Cash balance, December 1, 2016 is $18,300TransactionsDec.Common stock was issued to stockholders for $7,900 cash.Purchased equipment for $1,800 on account.14Paid $19,800 cash for land.17Paid cash expenses: office rent, $1,600; employees' salaries, $1,500; utilities, $100.23Paid cash dividends of $2,400.26Earned service revenue for the month, $4,800, receiving cash.SMART TOUCH LEARNINGStatement of Cash FlowsMonth Ended December 31, 2016Cash flows fromoperating activitiesReceipts:4800Collections from customers SMART TOUCH LEARNINGStatement of Cash FlowsMonth Ended December 31, 2016Cash flows fromoperating activitiesReceipts:4800Collections from customersPayments:For salaries-1500For rent-1600For utilities-100-32001600Net cash provided (used) byoperating activitiesCash flows frominvesting activities-19800Acquisition of land-19800Net cash provided (used) byinvesting activitiesCash flows fromfinancing activities7900Issuance of common stock-2400Payment of cash dividends5500Net cash provided (used) byfinancing activitiesNet increase (decrease) in cash18300Cash balance, December 1, 2016Cash balance, December 31, 2016

Cash inflow represents revenue or cash earned. Cash outflow represents cash spent. Cash flow helps…

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Business

Accounting

Unable to find the cash balance, December 31, 2016 because I can’t figure out the net increase (decrease) in cash

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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Problem 11-1A (Static) Determine proper classification (LO11-1) Listed below are several transactions. For each transaction, indicate whether the cash effect of each transaction is reported in a statement of cash flows as an operating, investing, financing, or noncash activity. Also, indicate whether the transaction is a cash inflow or cash outflow, or has no effect on cash. The first answer is provided as an example. Transaction 1. Payment of employee salaries. 2. Sale of land for cash. 3. Purchase of rent in advance. 4. Collection of an account receivable. 5. Issuance of common stock. 6. Purchase of inventory. 7. Collection of notes receivable. 8. Payment of income taxes. 9. Sale of equipment for a note receivable. 10. Issuance of bonds. 11. Loan to another company. 12. Payment of a long-term note payable. 13. Purchase of treasury stock. 14. Payment of an account payable. 15. Sale of equipment for cash. Type of Activity Operating Cash Inflow or Outflow Cash outflow
This is missing the 4th part 4 . (Appendix) Prepare a cash flow table. Show that cash effects net to a $450 outflow
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Prepare the cash flows for operating activity section of the statement of cash flows using the indirect method. Use the minus sign to indicate cash outflows, a decrease in cash, cash payments, or any negative adjustments.
I got a lot of my Statement of Cash Flows wrong... can someone help me? filling in the missing sections as well as notes is MUCH APPRECIATED! Thanks in Advance <3 .... I'll fill in all the parts I got write as well as put questions marks to the parts I got wrong. Metlock Inc., a greeting card company, had the following statements prepared as of December 31, 2020. METLOCK INC.COMPARATIVE BALANCE SHEETAS OF DECEMBER 31, 2020 AND 2019 12/31/20 12/31/19 Cash $5,900 $6,900 Accounts receivable 61,400 51,200 Short-term debt investments (available-for-sale) 34,700 18,000 Inventory 40,200 59,700 Prepaid rent 5,000 4,100 Equipment 152,700 130,200 Accumulated depreciation—equipment (35,400 ) (25,000 ) Copyrights 45,700 49,900 Total assets $310,200 $295,000 Accounts payable $46,300 $40,400 Income…
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I've asked the question regarding an Indirect Method of Wolff Cash Statement. I need to find the free cash flow and the answer you gave me said incorrect when I put it in. I am putting it as a negative answer.
I know in order to find the cash flow from operating activities using the indirect method you start with the net income then add your depreciation expense and your loss on disposal equipment. Then you subtract increases in account receivable and decrease in account receivable and that gives you your net income. However, when I compute this it says all my answers are incorrect. I thought I was doing this correctly but clearly I need assistance.
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Please help to answer the questions pictured in the attached images (cash at beginning and end of year are also required, it wouldn't fit in the two allowed images):