Question: Please answer it (COMPLETELY) all of the activities. Answer it with Activity Titles/Numbers so we know which page are those answers. Answer it with a

 Please answer it (COMPLETELY) all of the activities. Answer it with

Activity Titles/Numbers so we know which page are those answers. Answer it

with a good handwriting so we'll understand too. COMPLETE ANSWERS ARE MUCH

APPRECIATABLE AND THUMBS UP FOR ME! Activity 2. Preparation of Statement of

Cash Flows Using Direct Method. Provide the necessary requirement in the following

Please answer it (COMPLETELY) all of the activities.

Answer it with Activity Titles/Numbers so we know which page are those answers.

Answer it with a good handwriting so we'll understand too.

COMPLETE ANSWERS ARE MUCH APPRECIATABLE AND THUMBS UP FOR ME!

Activity 2. Preparation of Statement of Cash Flows Using Direct Method. Provide the necessary requirement in the following cases. Case 1. Juana's sari-sari store had the following transactions during the year. Purchase of goods. Paid cash. 100,000 Sale of goods. Received cash. 150,000 Paid utilities 30,000 Paid rent 10,000 Sold equipment for cash 100,000 Owner withdraws investment 10,000 Required: Prepare the Statement of Cash flows using direct method Case 2 Face Shield Corp. comparative balance sheets, income statement, and additional information follow: a. Equipment costing $21,375 with accumulated depreciation of $11,100 is sold for cash. b. Equipment purchases are for cash. C. Accumulated Depreciation is affected by depreciation expense and the sale of equipment d. The balance of Retained Earnings is affected by dividend declarations and net income. e. All sales are made on credit. UCNHS LR FABM2 AS | Page 53 f. All merchandise inventory purchases are on credit. g. Accounts Payable balances result from merchandise inventory purchases. h. Prepaid expenses relate to "other operating expenses." Balance Sheets December 31, 2011 and 2010 2011 2010 P 43,050 Income Statement For Year Ended December 31, 2011 P 23.925 P 446,100 34,125 156,000 3,600 135,825 (61.950) 39,825 146,475 1.650 146.700 (47.550) Sales Cost of goods sold Other operating expenses Depreciation expense... P 222,300 120,300 25,500 (368.100) 78,000 P 310,650 P 311025 Assets Cash Accounts receivable Merchandise inventory Prepaid expenses Equipment Accum. depreciation Equipment Total assets Liabilities and Equity Accounts payable Income taxes payable Dividends payable Bonds payable Common stock $10 par Retained earnings Total liabilities and equity P 28.800 5.100 P 33.750 4.425 3,300 825 Other gains (losses) Loss on sale of equipment. Loss on retirement of bonds.. Income before taxes Income taxes expense Net income 0 4.500 (4.125) 73.875 (13.725) P 60,150 0 168,750 108,000 P310,650 37.500 168.750 62.100 P311.025 Balance Sheets December 31, 2011 and 2010 2011 2010 P 43,050 P 23.925 34,125 39,825 156,000 146,475 3,600 1.650 135,825 146,700 (61.950) (47,550) P 310,650 P 311,025 Assets Cash Accounts receivable Merchandise inventory Prepaid expenses Equipment ... Accum. depreciation-Equipment Total assets Liabilities and Equity Accounts payable Income taxes payable Dividends payable Bonds payable ... Common stock, $10 par Retained earnings .. Total liabilities and equity P 28,800 5,100 0 0 168,750 108,000 P 310,650 P 33,750 4,425 4,500 37.500 168,750 62.100 P 311,025 Income Statement For Year Ended December 31, 2011 Sales .... P 446,100 Cost of goods sold P 222,300 Other operating expenses 120,300 Depreciation expense. 25,500 (368,100) 78,000 Other gains (losses) Loss on sale of equipment .... 3.300 Loss on retirement of bonds .. 825 (4,125) Income before taxes 73,875 Income taxes expense (13,725) Net income .... P 60,150 Required: Prepare the Statement of Cash flows using Direct Method Activity 3. Preparation of Statement of Cash Flows Using Indirect Method. Provide the necessary requirement in the following cases. Case 1. Prepare the Cash Flow Statement of Teresa's Delivery Services using the following: 150,000 Net Income 500,000 Increase in trade and other payables Depreciation expense 50,000 70,000 Amount of proceeds from sale of property and equipment Gain on sale of property and equipment 10,000 Paid loan from a bank 100,000 Increase in trade and other receivables - net 250,000 Cash, January 1, 2016 70,000 Required: Prepare the Statement of Cash Flows using the indirect method. Case 2. Using the information in Activity 2. Case 2 (Face Shield Company), prepare a statement of cash flows using indirect method. Activity 2. Preparation of Statement of Cash Flows Using Direct Method. Provide the necessary requirement in the following cases. Case 1. Juana's sari-sari store had the following transactions during the year. Purchase of goods. Paid cash. 100,000 Sale of goods. Received cash. 150,000 Paid utilities 30,000 Paid rent 10,000 Sold equipment for cash 100,000 Owner withdraws investment 10,000 Required: Prepare the Statement of Cash flows using direct method Case 2 Face Shield Corp. comparative balance sheets, income statement, and additional information follow: a. Equipment costing $21,375 with accumulated depreciation of $11,100 is sold for cash. b. Equipment purchases are for cash. C. Accumulated Depreciation is affected by depreciation expense and the sale of equipment d. The balance of Retained Earnings is affected by dividend declarations and net income. e. All sales are made on credit. UCNHS LR FABM2 AS | Page 53 f. All merchandise inventory purchases are on credit. g. Accounts Payable balances result from merchandise inventory purchases. h. Prepaid expenses relate to "other operating expenses." Balance Sheets December 31, 2011 and 2010 2011 2010 P 43,050 Income Statement For Year Ended December 31, 2011 P 23.925 P 446,100 34,125 156,000 3,600 135,825 (61.950) 39,825 146,475 1.650 146.700 (47.550) Sales Cost of goods sold Other operating expenses Depreciation expense... P 222,300 120,300 25,500 (368.100) 78,000 P 310,650 P 311025 Assets Cash Accounts receivable Merchandise inventory Prepaid expenses Equipment Accum. depreciation Equipment Total assets Liabilities and Equity Accounts payable Income taxes payable Dividends payable Bonds payable Common stock $10 par Retained earnings Total liabilities and equity P 28.800 5.100 P 33.750 4.425 3,300 825 Other gains (losses) Loss on sale of equipment. Loss on retirement of bonds.. Income before taxes Income taxes expense Net income 0 4.500 (4.125) 73.875 (13.725) P 60,150 0 168,750 108,000 P310,650 37.500 168.750 62.100 P311.025 Balance Sheets December 31, 2011 and 2010 2011 2010 P 43,050 P 23.925 34,125 39,825 156,000 146,475 3,600 1.650 135,825 146,700 (61.950) (47,550) P 310,650 P 311,025 Assets Cash Accounts receivable Merchandise inventory Prepaid expenses Equipment ... Accum. depreciation-Equipment Total assets Liabilities and Equity Accounts payable Income taxes payable Dividends payable Bonds payable ... Common stock, $10 par Retained earnings .. Total liabilities and equity P 28,800 5,100 0 0 168,750 108,000 P 310,650 P 33,750 4,425 4,500 37.500 168,750 62.100 P 311,025 Income Statement For Year Ended December 31, 2011 Sales .... P 446,100 Cost of goods sold P 222,300 Other operating expenses 120,300 Depreciation expense. 25,500 (368,100) 78,000 Other gains (losses) Loss on sale of equipment .... 3.300 Loss on retirement of bonds .. 825 (4,125) Income before taxes 73,875 Income taxes expense (13,725) Net income .... P 60,150 Required: Prepare the Statement of Cash flows using Direct Method Activity 3. Preparation of Statement of Cash Flows Using Indirect Method. Provide the necessary requirement in the following cases. Case 1. Prepare the Cash Flow Statement of Teresa's Delivery Services using the following: 150,000 Net Income 500,000 Increase in trade and other payables Depreciation expense 50,000 70,000 Amount of proceeds from sale of property and equipment Gain on sale of property and equipment 10,000 Paid loan from a bank 100,000 Increase in trade and other receivables - net 250,000 Cash, January 1, 2016 70,000 Required: Prepare the Statement of Cash Flows using the indirect method. Case 2. Using the information in Activity 2. Case 2 (Face Shield Company), prepare a statement of cash flows using indirect method

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