Homework Answers
Answer:
Vaughn Net cash provided by Operating activities = collected
from customers - paid for salaries
=290,000-142500
=147500
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Multiple Choice Question 94 Vaughn Manufacturing recorded the following cash transactions for the year: Paid $142500...
Assignment rt Time: 09:46 PM/ Remaining: 104 min CES Multiple Choice Question 94 Nash's Trading Post,...
Assignment rt Time: 09:46 PM/ Remaining: 104 min CES Multiple Choice Question 94 Nash's Trading Post, LLC recorded the following cash transactions for the year: Paid $130000 for salaries. Paid $55000 to purchase office equipment. Paid $14000 for utilities. Paid $5000 in dividends Collected $275000 from customers. What was Nash's,LLC net cash provided by operating activities? $145000 $76000 O $126000 $131000 Click if you would like to Show Work for this question: Qen Show Work
QUESTION 11 Gibson Company recorded the following cash transactions for the year: Paid $180,000 for salaries....
QUESTION 11 Gibson Company recorded the following cash transactions for the year: Paid $180,000 for salaries. Paid $80,000 to purchase office equipment. Paid $20,000 for utilities. Paid $8,000 in dividends. Collected $350,000 from customers. What was Gibson's net cash provided by operating activities? O A. $170,000 OB. $150,000 O C. $142,000 OD. $70,000
Can you answer that for me and explain why? 24. A Company recorded the following cash...
Can you answer that for me and explain why?
24. A Company recorded the following cash transactions for the year: Paid $90,000 for salaries. Paid $40,000 to purchase office equipment. Paid $10,000 for utilities. Paid $4,000 in dividends. Collected $140,000 from customers. Recorded $3,000 in depreciation expense. What was the net cash provided by operating activities? $37,000. A. $0. ($3,000). $50,000. None of the choices are correct.
can you give me the answer and explain why?also can you explain why A is incorrect....
can you give me the answer and explain why?also can you explain
why A is incorrect. thx
24. A Company recorded the following cash transactions for the year: Paid $90,000 for salaries. Paid $40,000 to purchase office equipment. Paid $10,000 for utilities. Paid $4,000 in dividends. Collected $140,000 from customers. Recorded $3,000 in depreciation expense. What was the net cash provided by operating activities? $37,000. $0. ($3,000). $50,000. None of the choices are correct.
The following transaction has been recorded in the general Journal entry:? 1,200 Accounts payable Cash 1,200...
The following transaction has been recorded in the general Journal entry:? 1,200 Accounts payable Cash 1,200 Which of the following could be an explanation for this transaction? Multiple Choice Provided services on account Pald cash to settle accounts payable Collected cash from customers Which of the following could be an explanation for this transaction? Multiple Choice Ο Provided services on account Ο Paid cash to settle accounts payable Ο Collected cash from customers Ο Borrowed money to support operating activities
Multiple Choice Question 132 Vaughn Manufacturing gathered the following reconciling information in preparing its August bank...
Multiple Choice Question 132 Vaughn Manufacturing gathered the following reconciling information in preparing its August bank reconciliation: Cash balance per books, 8/31 Deposits in transit Notes receivable and interest collected by bank Bank charge for check printing Outstanding checks NSF check $28600 1200 6900 160 16300 1390 The adjusted cash balance per books on August 31 is $33950. $20150 $32750 $18730.
The following information is available for Vaughn Manufacturing for the year ended December 31, 2022. Beginning...
The following information is available for Vaughn Manufacturing for the year ended December 31, 2022. Beginning cash balance $21,600 Accounts payable increase 5,130 Depreciation expense 36,900 Accounts receivable decrease 4,320 Inventory decrease 2,790 Net income 51,480 Cash received for sale of land at book value 93,600 Cash dividends paid 34,200 Income taxes payable decrease 3,510 Cash used to purchase land 72,900 Cash used to redeem bonds 59,400 Cash received from issuing stock 144,000 Vaughn Manufacturing Statement of Cash Flows-Indirect Method...
Sheffield Corp. compiled the following financial information as of December 31, 2017: Service revenue Common stock...
Sheffield Corp. compiled the following financial information as of December 31, 2017: Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/17 $1165000 248000 300000 984000 275000 82000 38000 155000 109500 570000 Sheffield stockholders' equity on December 31, 2017 is: $669000 $879000 $999000 $917000 Oriole Company recorded the following cash transactions for the year: Paid $140500 for salaries. Paid $57300 to purchase office equipment. Paid $15800 for utilities. Paid $5200 in dividends. Collected...
Purchasing supplies for cash has what effect on the accounting equation? Multiple Choice Increase assets. Decrease...
Purchasing supplies for cash has what effect on the accounting equation? Multiple Choice Increase assets. Decrease stockholders' equity. Decrease liabilities. Required: For each activity, indicate the impact on the accounting equation. After doing all the transactions, ensure that the accounting equ remains in balance. The first item is provided as an example. (Decreases to account classifications should be entered as a nega 35 Assets Liabilities Transaction 1. Issue common stock in exchange for cash, S15,000 2. Purchase equipment for cash,...
Multiple Choice Question 93 Cullumber Company reports the following information: Net cash provided by operating activities...
Multiple Choice Question 93 Cullumber Company reports the following information: Net cash provided by operating activities Average current liabilities Average long-term liabilities Dividends declared Capital expenditures Payments of debt $300000 140000 110000 64000 119000 35000 Cullumber's cash debt coverage is O 2.73. 2.14. 2.52. 1.20. Click if you would like to Show Work for this question: Open Show Work Multiple Choice Question 94 Oriole Company reports the following information: Net cash provided by operating activities Average current liabilities Average long-term...
Assignment rt Time: 09:46 PM/ Remaining: 104 min CES Multiple Choice Question 94 Nash's Trading Post, LLC recorded the following cash transactions for the year: Paid $130000 for salaries. Paid $55000 to purchase office equipment. Paid $14000 for utilities. Paid $5000 in dividends Collected $275000 from customers. What was Nash's,LLC net cash provided by operating activities? $145000 $76000 O $126000 $131000 Click if you would like to Show Work for this question: Qen Show Work
QUESTION 11 Gibson Company recorded the following cash transactions for the year: Paid $180,000 for salaries. Paid $80,000 to purchase office equipment. Paid $20,000 for utilities. Paid $8,000 in dividends. Collected $350,000 from customers. What was Gibson's net cash provided by operating activities? O A. $170,000 OB. $150,000 O C. $142,000 OD. $70,000
Can you answer that for me and explain why?
24. A Company recorded the following cash transactions for the year: Paid $90,000 for salaries. Paid $40,000 to purchase office equipment. Paid $10,000 for utilities. Paid $4,000 in dividends. Collected $140,000 from customers. Recorded $3,000 in depreciation expense. What was the net cash provided by operating activities? $37,000. A. $0. ($3,000). $50,000. None of the choices are correct.
can you give me the answer and explain why?also can you explain
why A is incorrect. thx
24. A Company recorded the following cash transactions for the year: Paid $90,000 for salaries. Paid $40,000 to purchase office equipment. Paid $10,000 for utilities. Paid $4,000 in dividends. Collected $140,000 from customers. Recorded $3,000 in depreciation expense. What was the net cash provided by operating activities? $37,000. $0. ($3,000). $50,000. None of the choices are correct.
The following transaction has been recorded in the general Journal entry:? 1,200 Accounts payable Cash 1,200 Which of the following could be an explanation for this transaction? Multiple Choice Provided services on account Pald cash to settle accounts payable Collected cash from customers Which of the following could be an explanation for this transaction? Multiple Choice Ο Provided services on account Ο Paid cash to settle accounts payable Ο Collected cash from customers Ο Borrowed money to support operating activities
Multiple Choice Question 132 Vaughn Manufacturing gathered the following reconciling information in preparing its August bank reconciliation: Cash balance per books, 8/31 Deposits in transit Notes receivable and interest collected by bank Bank charge for check printing Outstanding checks NSF check $28600 1200 6900 160 16300 1390 The adjusted cash balance per books on August 31 is $33950. $20150 $32750 $18730.
The following information is available for Vaughn Manufacturing for the year ended December 31, 2022. Beginning cash balance $21,600 Accounts payable increase 5,130 Depreciation expense 36,900 Accounts receivable decrease 4,320 Inventory decrease 2,790 Net income 51,480 Cash received for sale of land at book value 93,600 Cash dividends paid 34,200 Income taxes payable decrease 3,510 Cash used to purchase land 72,900 Cash used to redeem bonds 59,400 Cash received from issuing stock 144,000 Vaughn Manufacturing Statement of Cash Flows-Indirect Method...
Sheffield Corp. compiled the following financial information as of December 31, 2017: Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/17 $1165000 248000 300000 984000 275000 82000 38000 155000 109500 570000 Sheffield stockholders' equity on December 31, 2017 is: $669000 $879000 $999000 $917000 Oriole Company recorded the following cash transactions for the year: Paid $140500 for salaries. Paid $57300 to purchase office equipment. Paid $15800 for utilities. Paid $5200 in dividends. Collected...
Purchasing supplies for cash has what effect on the accounting equation? Multiple Choice Increase assets. Decrease stockholders' equity. Decrease liabilities. Required: For each activity, indicate the impact on the accounting equation. After doing all the transactions, ensure that the accounting equ remains in balance. The first item is provided as an example. (Decreases to account classifications should be entered as a nega 35 Assets Liabilities Transaction 1. Issue common stock in exchange for cash, S15,000 2. Purchase equipment for cash,...
Multiple Choice Question 93 Cullumber Company reports the following information: Net cash provided by operating activities Average current liabilities Average long-term liabilities Dividends declared Capital expenditures Payments of debt $300000 140000 110000 64000 119000 35000 Cullumber's cash debt coverage is O 2.73. 2.14. 2.52. 1.20. Click if you would like to Show Work for this question: Open Show Work Multiple Choice Question 94 Oriole Company reports the following information: Net cash provided by operating activities Average current liabilities Average long-term...
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