Financial Accounting
4th Edition
ISBN: 9781259307959
Author: J. David Spiceland, Wayne M Thomas, Don Herrmann
Publisher: McGraw-Hill Education
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Chapter 4, Problem 4.4AP
To determine
To prepare: The statement of
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Garcia Trade has the following cash transactions for the period.
Accounts
Amounts
Cash received from sale of products to customers
$36,000
Cash received from the bank for long-term loan
41,000
Cash paid to purchase factory equipment
(46,000)
Cash paid to merchandise suppliers
(11,200)
Cash received from the sale of an unused warehouse
12,200
Cash paid to workers
(23,200)
Cash paid for advertisement
(3,200)
Cash received for sale of services to customers
26,000
Cash paid for dividends to stockholders
(5,200)
Assume the balance of cash at the beginning of the period is $4,200.
Required:
1. Calculate the ending balance of cash.2. Prepare a statement of cash flows.
Tiger Trade has the following cash transactions for the period.
Accounts
Amounts
Cash received from sale of products to customers
$
36,000
Cash received from the bank for long-term loan
41,000
Cash paid to purchase factory equipment
(46,000
)
Cash paid to merchandise suppliers
(11,200
)
Cash received from the sale of an unused warehouse
12,200
Cash paid to workers
(23,200
)
Cash paid for advertisement
(3,200
)
Cash received for sale of services to customers
26,000
Cash paid for dividends to stockholders
(5,200
)
Assume the balance of cash at the beginning of the period is $4,200.
Required:
1. Calculate the ending balance of cash.
Ending Balance: _____________________
2. Prepare a statement of cash flows. (Cash outflows should be indicated by a minus sign.)
A company's Cash account shows a balance of $5,630 at the end of the month. Comparing the company's Cash account with the
monthly bank statement reveals several additional cash transactions such as deposits outstanding ($1,270), checks outstanding
($2,410), bank service fees ($44), an NSF check from a customer ($240), a customer's note receivable collected by the bank ($570),
and interest earned ($70).
Prepare the necessary entries to adjust the balance of cash. (If no entry is required for a transaction/event, select "No Journal Entry
Required" in the first account field.)
View transaction list
:X:
A
Record the entries that increase cash.
Record the entries that decrease cash.
Credit
Note :
= journal entry has been entered
%D
Record entry
Clear entry
View general journal
:X:
Chapter 4 Solutions
Financial Accounting
Ch. 4 - Prob. 1RQCh. 4 - Prob. 2RQCh. 4 - Prob. 3RQCh. 4 - Prob. 4RQCh. 4 - What is meant by the fraud triangle, and what can...Ch. 4 - Prob. 6RQCh. 4 - Prob. 7RQCh. 4 - Prob. 8RQCh. 4 - What is meant by separation of duties?Ch. 4 - Prob. 10RQ
Ch. 4 - Prob. 11RQCh. 4 - Prob. 12RQCh. 4 - Prob. 13RQCh. 4 - Prob. 14RQCh. 4 - Prob. 15RQCh. 4 - Prob. 16RQCh. 4 - Prob. 17RQCh. 4 - Prob. 18RQCh. 4 - Prob. 19RQCh. 4 - Prob. 20RQCh. 4 - Prob. 21RQCh. 4 - 22.What are two primary reasons that the companys...Ch. 4 - Prob. 23RQCh. 4 - Prob. 24RQCh. 4 - Prob. 25RQCh. 4 - Describe how management maintains control over...Ch. 4 - Prob. 27RQCh. 4 - Describe the operating, investing, and financing...Ch. 4 - Why is an analysis of the companys cash balance...Ch. 4 - We compared Regal Entertainment and Cinemark at...Ch. 4 - Prob. 4.1BECh. 4 - Match each of the following components of internal...Ch. 4 - Prob. 4.3BECh. 4 - Prob. 4.4BECh. 4 - During the year, the following sales transactions...Ch. 4 - Prob. 4.6BECh. 4 - Prob. 4.7BECh. 4 - Prob. 4.8BECh. 4 - Prob. 4.9BECh. 4 - Prob. 4.10BECh. 4 - Prob. 4.11BECh. 4 - Prob. 4.12BECh. 4 - Prob. 4.13BECh. 4 - Prob. 4.14BECh. 4 - Prob. 4.15BECh. 4 - On January 12, Ferrell Incorporated obtains a...Ch. 4 - Prob. 4.17BECh. 4 - For each company, calculate the ratio of cash to...Ch. 4 - Prob. 4.1ECh. 4 - Prob. 4.2ECh. 4 - Prob. 4.3ECh. 4 - Prob. 4.4ECh. 4 - Below are several amounts reported at the end of...Ch. 4 - Prob. 4.6ECh. 4 - Prob. 4.7ECh. 4 - Prob. 4.8ECh. 4 - Prob. 4.9ECh. 4 - Prob. 4.10ECh. 4 - Prob. 4.11ECh. 4 - Prob. 4.12ECh. 4 - Prob. 4.13ECh. 4 - Prob. 4.14ECh. 4 - Prob. 4.15ECh. 4 - Below are cash transactions for Goldman...Ch. 4 - Prob. 4.17ECh. 4 - Prob. 4.18ECh. 4 - Consider the following information: 1.Service...Ch. 4 - Prob. 4.20ECh. 4 - Prob. 4.1APCh. 4 - Prob. 4.2APCh. 4 - Prob. 4.3APCh. 4 - Prob. 4.4APCh. 4 - Prob. 4.5APCh. 4 - Prob. 4.1BPCh. 4 - Prob. 4.2BPCh. 4 - Prob. 4.3BPCh. 4 - Prob. 4.4BPCh. 4 - Prob. 4.5BPCh. 4 - An examination of the cash activities during the...Ch. 4 - Prob. 4.2APFACh. 4 - Prob. 4.3APFACh. 4 - Prob. 4.4APCACh. 4 - Prob. 4.5APECh. 4 - Prob. 4.7APWC
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