Refer to the data in Exercises 1-27A and 1-28A.

Requirement
1. Prepare the statement of cash flows of Giada Coffee Roasters Corp., for the month ended August 31, 2019. Using Exhibit 1-11 as a model, show with arrows the relationships among the income statement, statement of retained earnings, balance sheet, and statement of cash flows.

Data from Exercise 1-27A and 1-28

Assume the Giada Coffee Roasters Corp. ended the month of August 2019 with these data:

Exhibit 1-11

Transcribed Image Text:

Payments of cash: Acquisition of equipment . $201,500 Dividends. Retained earnings August 1, 2019.. Retained earnings August 31, 2019. Utilities expense Adjustments to reconcile net income to net cash provided by operations.. Salary expense. Cash balance, August 1, 2019.. Cash balance, August 31, 2019.. Cash receipts: Issuance (sale) of stock $ 5,300 2,800 14,900 1,800 14,900 201,500 7,400 8,800 278,700 to owners... Rent expense. Common stock Equipment. Office supplies. Accounts payable . Service revenue.. 5,100 1,400 78,500 A1 The Walt Disney Company Consolidated Statement of Income (Adapted) 12 Months Ended October 1, 2016 2 Total revenues 3 Total expenses 55,743 46,352 9,391 Net income A1 Consolidated Statement of Retained Eamings (Adapted) 2 Beginning retained earnings 3 Net income 4 Dividends declared* 5 Other reductions 6 Ending retained earnings 7 *2,313 in cash plus 15 in stock 59,028 9,391 (2,328) (3) 66,088 8. A1 Consolidated Balance Sheet (Adapted) 2 Assets Cash and cash equivalents All other assets Total assets 6 Llabilities Total liabilities 8 Equity Common stock and additlonal paid-in capital Retained earnings Other equity Total equity Total liabilities and equity 4,610 87,423 92,033 44,710 35,859 66,088 (54,624) 47,323 92,033 10 11 12 13 14 A1 Consolidated Statement of Cash Flows (Adapted) Net cash provided by operating activities Net cash used in investing activities Net cash used in financing activities 5 Effect of foreign exchange rate fluctuations on cash Net increase (decrease) in cash and cash equivalents 7 Cash and cash equivalents, beginning of year 8 Cash and cash equivalents, end of year 2. 13,213 (5,758) (6,991) (123) 341 4,269 4,610 6. 2)