Prepare the note for Trott Ltd reconciling operating profit with the net cash flow from operating...
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Prepare the note for Trott Ltd reconciling operating profit with the net cash flow from operating activities for the year ending 30 June 2019. Net cash from Operating Activities at 30 June 2019 was $343,000 Net Sales Revenue Less: Cost of Goods Sold Gross Profit Less: Expenses (including depreciation of $40,000) NET (OPERATING) PROFIT ASSETS Trott Ltd Income Statement for the year ended 30 June 2019 TOTAL ASSETS LIABILITIES Cash at bank Accounts receivable. Inventory. Building Less: Accumulated Depreciation Accounts payable Wages payable Mortgage Loan TOTAL LIABILITIES NET ASSETS EQUITY Share Capital Retained Earnings Trott Ltd Balance Sheet As at 30 June 2019 TOTAL EQUITY 2019 74,000 86,000 105,000 350,000 -80,000 535,000 77,000 17,000 90,000 184,000. 351,000 150,000 201,000 381,000 880,700 -410,000 470,700 -170,700 300,000 2018 91,000 81,000 114,000 380,000 -90,000 576,000 72,000 23,000 95,000 481,000 150,000 331,000 481,000 Prepare the note for Trott Ltd reconciling operating profit with the net cash flow from operating activities for the year ending 30 June 2019. Net cash from Operating Activities at 30 June 2019 was $343,000 Net Sales Revenue Less: Cost of Goods Sold Gross Profit Less: Expenses (including depreciation of $40,000) NET (OPERATING) PROFIT ASSETS Trott Ltd Income Statement for the year ended 30 June 2019 TOTAL ASSETS LIABILITIES Cash at bank Accounts receivable. Inventory. Building Less: Accumulated Depreciation Accounts payable Wages payable Mortgage Loan TOTAL LIABILITIES NET ASSETS EQUITY Share Capital Retained Earnings Trott Ltd Balance Sheet As at 30 June 2019 TOTAL EQUITY 2019 74,000 86,000 105,000 350,000 -80,000 535,000 77,000 17,000 90,000 184,000. 351,000 150,000 201,000 381,000 880,700 -410,000 470,700 -170,700 300,000 2018 91,000 81,000 114,000 380,000 -90,000 576,000 72,000 23,000 95,000 481,000 150,000 331,000 481,000
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Trott Ltd Note Reconciliation of Operating Profit with Net Cash Flow For the year ending 30 June 201... View the full answer
Related Book For
Accounting
ISBN: 978-1118608227
9th edition
Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett
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