Question

Spreadsheet for Statement of Cash Flows Balance 7/1/18 Balance 12/31/18 Panel A Balance Sheet 0 Cash Accounts Receivable Inventory Office Equipment Truck Accumulated Depreciation-Plant Assets Total Assets Transaction Analysis Debit Credit 95,700 $ 12.000 4,400 6,000 5,000 6,000 123,100 6000 $ 95,700 12,000 4,400 6,000 5,000 (6,000) 117,100 0 $ $ o 5,500 10,000 5,500 10,000 Accounts Payable Note Payable-Short Term Note Payable - Long Term Total Liabilities 0 15500 15,500 100,000 Common Stock Retained Earnings Total Liabilities and Stockholders' Equity 0 0 0 $ 100,000 (1,000) 114,500 1,000 1,000 $ $ 115,500 $ 2,600 6,000 -12000 4400 5,500 10,000 Panel B-Statement of Cash Flows Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Depreciation Expense - Plant Assets Increase in Accounts Receivable Increase in Inventory Increase in Accounts Payable Increase in Notes Payable-Short-term Net Cash Provided by Operating Activities Cash Flows from Investing Activities: Cash Paid for Acquisition of Plant Assets Net Cash Used for Investing Activities Cash Flows from Financing Activities: Cash Receipt from Issuance of Common Stock Cash Payment of Dividends Net Cash Provided by Financing Activities Net Increase (Decrease) in Cash: Total 7,700 (11,000) (11,000) 100,000 -1000 99,000 95,700

Answer 1

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