ItemPrior yearCurrent yearAccounts payable8,174.007,997.00Accounts receivable6,053.006,627.00Accruals985.001,669.00Cash??????Common Stock11,632.0012,699.00COGS12,739.0018,024.00Current portion long-term debt4,909.004,968.00Depreciation expense2,5002,846.00Interest expense733417Inventories4,157.004,806.00Long-term debt14,646.0014,472.00Net fixed assets51,341.0054,892.00Notes payable4,311.009,948.00Operating expenses (excl. depr.)13,97718,172Retained earnings28,728.0030,469.00Sales35,11946,331.00Taxes2,0842,775What is the firm's cash flow from financing?

Cash Flow from Financing Activities Cash Flow from Financing Activities is the net amount of funding…

Answered: What is the firm's cash flow from…

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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Exercise 9-71 (Algorithmic) Interest Payments and Interest Expense for Bonds (Straight Line) On January 1, 2020, Harrington Corporation sold $100,000 of 15-year, 11% bonds. The bonds sold for $96,000 and pay interest semiannually on June 30 and December 31. Required: 1. Prepare the journal entry to record the sale of the bonds. 2020 Jan. 31 Record issuance of bonds at discount 2. Calculate the amount of the cash semiannual interest payment. Round your answer to the nearest whole dollar, if required. 3. Prepare the entry at June 30, 2020, to recognize the payment of interest and interest expense. Round your answers to the nearest whole dollar, if required. 2020 June 30 Record interest expense 4. Calculate the annual interest expense for 2020. Round your answer to the nearest whole dollar, if required.
ase Stock | Pu... W NE 721757 Find the total monthly payment, including taxes and insurance. Mortgage $89,340 Interest Rate 6.5% The total monthly payment is $. (Round to the nearest cent as needed.). Term of Loan 25 years Annual Taxes $805 Annual Insurance $343
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Hello- Please help me to find the Total debt to equity. Thanks,
Amortize discount by Interest method Instructions Chart of Accounts Journal Additional Question Final Question Instructions On January 1, the first day of its fiscal year, Ebert Company issued $76,500,000 of 10-year, 4% bonds to finance its operations. Interest is payable semiannually. The bonds were issued at a market (effective) interest rate of 5%, resulting in Ebert Company receiving cash of $70,537,070. The company uses the interest method. Required: A. Journalize the entries to record the following transactions. Refer to the Chart of Accounts for exact wording of account tites. 1. Sale of the bonds. 2. First semiannual interest payment, including amortization of discount Round to the nearest dollar. 3. Second semiannual interest payment including amortization of discount Round to the nearest dollar. B. Compute the amount of the bond interest expense for the first year. C. Explain why the company was able to issue the bonds for only $70,537,070 rather than for the face amount of…
Required journal entries Total cash payment = 500000*10%*1/2 = $25, 000 Discount on bonds payable = (10240/64) *4 = $640 My question is the formula of the Total cash payment and Discount on bonds payable.
If $1,153,000 of 9% bonds are issued at 102 1/2, The amount of cash received from the sale is a.$1,153,000 b.$864,750 c.$1,256,770 d.$1,181,825
Current portion of long-term debt Connie's Bistro, Inc. reported the following information about its long-term debt in the notes to a recent financial statement (in millions): Long-term debt consists of the following: Total long term-debt Current portion December 31 Current Year C. $685,100 (198,700) $486,400 million December 31 Prior Year Long-term debt a. How much of the long-term debt was disclosed as a current liability on the current year's December 31 balance sheet? $ $376,800 (185,000) $191,800 b. How much did the total current liabilities change between the preceding year and the current year as a result of the current portion of long-term debt? million If Connie's Bistro did not issue additional long-term debt next year, what would be the total long-term debt on December 31 of the upcoming year? million
#9 Item Prior year Current year Accounts payable 8,123.00 7,716.00 Accounts receivable 6,048.00 6,607.00 Accruals 997.00 1,500.00 Cash ??? ??? Common Stock 10,094.00 11,603.00 COGS 12,653.00 18,393.00 Current portion long-term debt 4,911.00 5,090.00 Depreciation expense 2,500 2,763.00 Interest expense 733 417 Inventories 4,245.00 4,824.00 Long-term debt 14,141.00 13,226.00 Net fixed assets 51,826.00 54,004.00 Notes payable 4,339.00 9,940.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,688.00 30,532.00 Sales 35,119 45,044.00 Taxes 2,084 2,775 What is the firm's cash flow from financing? Answer format: Number: Round to: 0 decimal places.
Period Cash Paid Interest Expense Interest in Carrying Value Carrying Value Issue Date $85,940 1 $4,100 $ 3,438 $662 85,278 2 4,100 3,411 689 84,589 1. & 2. Record the bond issue assuming the face value of bonds payable is $79,000 and first interest payment. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Record the bond issue. Event General Journal Debit Credit 1 Record the first interest payment. Event General Journal Debit Credit 2
Balance sheet and income statement data indicate the following: Bonds payable, 10% (due in two years) Preferred 5% stock, $100 par (no change during year) Common stock, $50 par (no change during year) Income before income tax for year Income tax for year Common dividends paid Preferred dividends paid Interest expense Based on the data presented, what is the times interest earned ratio? Round your answer to two decimal places. 2.46 3.07 0.41 5.07 $868,000 263,400 2,167,800 353,540 81,447 108,390 13,170 86,800
Create T accounts for the following data Date Account name debit credit Jan 1 Cash 180000 Building 630000 Land 220000 Common stock 700000 Premium on issue of common stock 280000 Jan 1 Pre paid insurance 72000 cash 72000 Feb 1 cash 150000 3yr 4% note payable 150000 Mar 1 Cash 280000 Service revenue 280000 Jul 1 cash 485000 Discount on bond issued 15000 6% 5yr 500000 Dec 31 Interest on Bond expense 15000 cash 15000 Dec 31 Interest on note payable expense 29052 5yr 6% note payable 25000 cash 54052 Dec 31 Dividend 40000 Dividend payable 40000 Dec 31 Depreciation expense 21000 Accumulated Depreciation 21000 Dec 31 Insurance Expense 36000 prepaid insurance 36000

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Item	Prior year	Current year
Accounts payable	8,174.00	7,997.00
Accounts receivable	6,053.00	6,627.00
Accruals	985.00	1,669.00
Cash	???	???
Common Stock	11,632.00	12,699.00
COGS	12,739.00	18,024.00
Current portion long-term debt	4,909.00	4,968.00
Depreciation expense	2,500	2,846.00
Interest expense	733	417
Inventories	4,157.00	4,806.00
Long-term debt	14,646.00	14,472.00
Net fixed assets	51,341.00	54,892.00
Notes payable	4,311.00	9,948.00
Operating expenses (excl. depr.)	13,977	18,172
Retained earnings	28,728.00	30,469.00
Sales	35,119	46,331.00
Taxes	2,084	2,775