Use the information provided in the table to answer the following questions. Assume that there were no changes in any other asset or liability accounts. Net Income Accounts receivable Accumulated depreciation Common stock Paid-in capital Retained earnings Accounts payable The cash flow provide by /used by, equals to December 2022 Cash flow provided by/used by investing activities equals to Cash flow provided by/used by financing activities equals to $2000 750 1000 4500 7500 1500 750 December 2023 $6000 1300 1450 5500 8700 3500 950

Use the information provided in the table to answer the following questions. Assume that there were no changes in any other asset or liability accounts. Net Income Accounts receivable Accumulated depreciation Common stock Paid-in capital Retained earnings Accounts payable The cash flow provide by /used by, equals to December 2022 Cash flow provided by/used by investing activities equals to Cash flow provided by/used by financing activities equals to $2000 750 1000 4500 7500 1500 750 December 2023 $6000 1300 1450 5500 8700 3500 950

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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f Use the information provided in the table to answer the following questions. Assume that there were no changes in any other asset or liability accounts. December 2022 Net Income Accounts receivable Accumulated depreciation Common stock Paid-in capital Retained earnings Accounts payable The cash flow provide by /used by, equals to $2000 Cash flow provided by/used by investing activities equals to Cash flow provided by/used by financing activities equals to The net cash flow equals to 750 1000 4500 7500 1500 750 December 2023 $8000 1400 1500 5000 8500 4000 950 If the cash balance for 2022 was $5000, the ending cash balance for the year 2023 equals to 4 Ti
Sales Cost of goods sold Depreciation Other operating expenses Income tax Loss on sale of equipment Gain on sale of investment Net earnings and comprehensive income As at December 31 Cash Accounts receivable Inventory Equipment Less: accumulated depreciation Investment Total Accounts payable Income tax payable Bonds payable Common shares Retained earnings Total $193,800 25,400 76,100 43,800 3,000 (2,300) 20X2 $ 69,300 89,600 187,700 556,300 (231, 200) 54,700 $ 726,400 $ $510,000 339,800 $170, 200 20X1 $ 55,200 102, 600 175,400 475,400 (229,100) 79,000 $ 658,500 62,000 10,000 45,700 307, 200 301,500 $ 726,400 $ 658,500 $ 104,100 7,000 307, 200 240, 200 Additional information: During the year, equipment with an original cost of $99,800 was sold for cash.
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