Use the following information and prepare a Statement of Cash Flows in good form Jan-Feb Net...

 

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Use the following information and prepare a Statement of Cash Flows in good form Jan-Feb Net Income Depreciation Purchased fixed assets paying cash Received $90,000 cash for issuance of notes payable Received $120,000 cash for issuance of common stock Paid $20,000 for purchase of treasury stock Ending cash balance Class Start Date Assets Current assets: Cash Accounts receivable. Inventory Long-term assets Total Assets Plant assets Accumulated depreciation Liabilities Current liabilities Accounts payable Accrued liabilities Long-term liabilities Notes payable Total liabilities Stockholders equity Common stock Retained earnings Treasury stock Total stockholders equity Total stockholders equity and liabilities Jan-Feb 2017 57000 20000 310000 90000 120000 20000 50000 50000 20000 75000 85000 100000 80000 32000 86000 2016 90000 208000 Mar-Apr Mar-Apr 2017 430000 120000 430000 12000 9000 12000 667000 314000 682000 67000 25000 310000 90000 120000 20000 65000 2016 May-Jun 20000 80000 65000 75000 85000 75000 100000 80000 100000 20000 32000 20000 15000 86000 15000 0 90000 0 35000 208000 35000 May-Jun 2017 77000 30000 310000 90000 120000 20000 80000 32000 86000 2016 Jul-Aug 2017 20000 95000 85000 75000 80000 100000 Jul-Aug 220000 100000 220000 100000 220000 100000 219000 179000 219000 179000 219000 179000 20000 0 20000 0 20000 0 459000 279000 459000 279000 459000 279000 667000 314000 667000 314000 667000 314000 20000 32000 15000 86000 87000 35000 310000 90000 90000 0 90000 208000 35000 208000 120000 20000 95000 120000 430000 120000 430000 120000 430000 9000 12000 9000 12000 9000 12000 314000 697000 314000 712000 314000 727000 2016 Sept-Oct Sept-Oct 2017 20000 110000 85000 75000 80000 100000 20000 32000 15000 86000 97000 40000 310000 90000 120000 20000 110000 0 90000 35000 208000 2016 20000 85000 80000 120000 9000 314000 20000 15000 0 35000 220000 100000 220000 100000 219000 179000 219000 179000 20000 0 20000 0 459000 279000 459000 279000 667000 314000 667000 314000 Use the following information and prepare a Statement of Cash Flows in good form Jan-Feb Net Income Depreciation Purchased fixed assets paying cash Received $90,000 cash for issuance of notes payable Received $120,000 cash for issuance of common stock Paid $20,000 for purchase of treasury stock Ending cash balance Class Start Date Assets Current assets: Cash Accounts receivable. Inventory Long-term assets Total Assets Plant assets Accumulated depreciation Liabilities Current liabilities Accounts payable Accrued liabilities Long-term liabilities Notes payable Total liabilities Stockholders equity Common stock Retained earnings Treasury stock Total stockholders equity Total stockholders equity and liabilities Jan-Feb 2017 57000 20000 310000 90000 120000 20000 50000 50000 20000 75000 85000 100000 80000 32000 86000 2016 90000 208000 Mar-Apr Mar-Apr 2017 430000 120000 430000 12000 9000 12000 667000 314000 682000 67000 25000 310000 90000 120000 20000 65000 2016 May-Jun 20000 80000 65000 75000 85000 75000 100000 80000 100000 20000 32000 20000 15000 86000 15000 0 90000 0 35000 208000 35000 May-Jun 2017 77000 30000 310000 90000 120000 20000 80000 32000 86000 2016 Jul-Aug 2017 20000 95000 85000 75000 80000 100000 Jul-Aug 220000 100000 220000 100000 220000 100000 219000 179000 219000 179000 219000 179000 20000 0 20000 0 20000 0 459000 279000 459000 279000 459000 279000 667000 314000 667000 314000 667000 314000 20000 32000 15000 86000 87000 35000 310000 90000 90000 0 90000 208000 35000 208000 120000 20000 95000 120000 430000 120000 430000 120000 430000 9000 12000 9000 12000 9000 12000 314000 697000 314000 712000 314000 727000 2016 Sept-Oct Sept-Oct 2017 20000 110000 85000 75000 80000 100000 20000 32000 15000 86000 97000 40000 310000 90000 120000 20000 110000 0 90000 35000 208000 2016 20000 85000 80000 120000 9000 314000 20000 15000 0 35000 220000 100000 220000 100000 219000 179000 219000 179000 20000 0 20000 0 459000 279000 459000 279000 667000 314000 667000 314000

Answer rating: 100% (QA)

Statement of Cash Flows For the Year ended January 31 2017 Operating Activities Net I... View the full answer