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CHAPTER 2 - BASIC FWANCIAL STATEMENTS 36 Chapter 1 E1-23A (Learning Objective Constructed of flows) Glass, Inc. began 2011 with $83.000 in cash. During 2012. Gless earned income of $150.000, and to reconcile net income to net cash provided by operates aled $75.000, pitivame. Inwesting activi ties used cash of $420,000, and financing activities provided cash of $11.000. Gloended 2012 with total of $80,000 totales of $230,000 Requirement 1. Prepare Glycines statement of cash flows for the yleended December 31, 2012. Identify the datiems given that do not appear on the set of cash flows. Also identify the finicialement that reports the way E1-24) (Learning Objective Contrats come and attemes of retained Asume the Dogan Copy Centended the much of 2012 with these data 5460.000 4700 Cachhal, Jay 1, 2012 Cash Many 11.2012 10.00 Payment of a Acquisition of equipment bindende Retained July 1, 2012 Retained earning July 31, 2012 Units EN As to reconcile 10.100 25700 10,500 Com 460.000 1410 17:40 549.300 provided by Salary October Acco Service 2.700 160,000 Requirement 1. Prepare the income statement and the enement of certained earnings of Dogan Copy Center, Inc., for the month ended July 31, 2012 E1-25 (Learning Objectives. Constructe blomstert) Refer to the data in Exercise 1-244. Requirement 1. Prepare the balance sheet of Dogan Copy Cemer. Inc. for July 31, 2012 E1-261 learning Objectives: Construct a statement of cash flow) Refer to the data in Exercises 1-24 and 1-25A Requirement 1. Prepare the statement of cash flows of Dogan Copy Center Inc. for the month ended July 31, 2012. Uning habitll as a model show with rows the smag the income statementement of retained earning balance sheet men of cashows FL-27A tearning Objective Evaluate business operations through the financial statements) This exercise should be used in conjunction with through 1-36A The owner of Dogan Copy Center is your ice as to whether he should case operations or continue the business Complete the report giving him your opinion of net income.devlende financial position, and cash flow during his month of operate specifies from the financial statements to support your opinion Condade your meme with advice on whether to stay in business or operations Balance Sheet Exercises KEY Name KEY A. The accounting equation can be expressed as: Assets minus Liabilities equals Owner's Equity. In other words, Own minus Owe equals Worth. Complete the table below: Assets Liabilities Owner's Equity $ 2,397 $ 1,457 1. $ 940 $ 12,629 $ 9,462 2. $3,167 $ 50,388 S 5,294 3. $45,094 4. 65,237 S62,300 $ 2,937 5. 98,666 $ 4,543 $94,123 IS 8,8326. 832 $ 8,000 $ 4,765 7. 4,365 S 400 $ 120,654 $38,621 8. $82,033 CHAPTER 2 - BASIC FWANCIAL STATEMENTS 36 Chapter 1 E1-23A (Learning Objective Constructed of flows) Glass, Inc. began 2011 with $83.000 in cash. During 2012. Gless earned income of $150.000, and to reconcile net income to net cash provided by operates aled $75.000, pitivame. Inwesting activi ties used cash of $420,000, and financing activities provided cash of $11.000. Gloended 2012 with total of $80,000 totales of $230,000 Requirement 1. Prepare Glycines statement of cash flows for the yleended December 31, 2012. Identify the datiems given that do not appear on the set of cash flows. Also identify the finicialement that reports the way E1-24) (Learning Objective Contrats come and attemes of retained Asume the Dogan Copy Centended the much of 2012 with these data 5460.000 4700 Cachhal, Jay 1, 2012 Cash Many 11.2012 10.00 Payment of a Acquisition of equipment bindende Retained July 1, 2012 Retained earning July 31, 2012 Units EN As to reconcile 10.100 25700 10,500 Com 460.000 1410 17:40 549.300 provided by Salary October Acco Service 2.700 160,000 Requirement 1. Prepare the income statement and the enement of certained earnings of Dogan Copy Center, Inc., for the month ended July 31, 2012 E1-25 (Learning Objectives. Constructe blomstert) Refer to the data in Exercise 1-244. Requirement 1. Prepare the balance sheet of Dogan Copy Cemer. Inc. for July 31, 2012 E1-261 learning Objectives: Construct a statement of cash flow) Refer to the data in Exercises 1-24 and 1-25A Requirement 1. Prepare the statement of cash flows of Dogan Copy Center Inc. for the month ended July 31, 2012. Uning habitll as a model show with rows the smag the income statementement of retained earning balance sheet men of cashows FL-27A tearning Objective Evaluate business operations through the financial statements) This exercise should be used in conjunction with through 1-36A The owner of Dogan Copy Center is your ice as to whether he should case operations or continue the business Complete the report giving him your opinion of net income.devlende financial position, and cash flow during his month of operate specifies from the financial statements to support your opinion Condade your meme with advice on whether to stay in business or operations Balance Sheet Exercises KEY Name KEY A. The accounting equation can be expressed as: Assets minus Liabilities equals Owner's Equity. In other words, Own minus Owe equals Worth. Complete the table below: Assets Liabilities Owner's Equity $ 2,397 $ 1,457 1. $ 940 $ 12,629 $ 9,462 2. $3,167 $ 50,388 S 5,294 3. $45,094 4. 65,237 S62,300 $ 2,937 5. 98,666 $ 4,543 $94,123 IS 8,8326. 832 $ 8,000 $ 4,765 7. 4,365 S 400 $ 120,654 $38,621 8. $82,033