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Additional Information on Year 2013 Transactions a. Net income was 108,500. b. Accounts receivable increased. c. Merchandise inventory increased. d. Prepaid expenses decreased. e. Accounts payable decreased. f. Depreciation expense was 20,000. g. Sold equipment costing 46,500, with accumulated depreciation of 29,500, for 11,500 cash. This yielded a loss of 5,500. h. Purchased equipment costing 98,000 by paying 30,000 cash and (i.) by.

Homework help in accounting

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M. Declared and paid cash dividends of 56,400. Required: Prepare a complete statement of cash flows using do my homework a spreadsheet; report its operating activities using the indirect method. (Enter all amounts as positive values.) Golden Corp., a merchandiser, recently completed its 2013 operations. For the year, (1) all sales are credit sales, (2) all credits to Accounts.


Problem 12-2AA Indirect: Cash flows spreadsheet LO P1, P2, P3, P4. Forten Company, a merchandiser, recently completed its calendar-year 2013 operations. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable.

Prepaid expenses 1,900 Equipment 158,500 Accum. depreciationEquipment (36,500) (46,000) Total assets 514,400 Liabilities and Equity Accounts payable 63,000 Short-term notes payable 10,000. Long-term notes payable 62,250 Common stock, 5 par value 162,750. Paid-in capital in excess of par, common stock 34,. Retained earnings 181,400 Total liabilities and equity 514,400 FORTEN COMPANY Income Statement For Year Ended.

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The companys balance sheets and income statement follow. hiododf CORPORATION Comparative Balance Sheets December 31, Assets Cash 163,000 135,000 Accounts receivable 84,000 72,000 Merchandise inventory 625,000 515,000 Equipment 345,000 269,000 Accum. depreciationEquipment (156,000) (103,000) Total assets 1,061,000 888,000 Liabilities and Equity Accounts payable 164,000 103,000 Income taxes payable 26,000 23,000 Common stock, 2 par value.

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Equipment for 76,000 cash. b. Issued 11,000 shares of common stock for 5 cash per share. c. Declared and paid 85,000 in cash dividends. Required: Prepare a complete statement of cash flows; report its cash inflows and cash outflows from operating activities according to the indirect method. (Amounts to be deducted should be indicated with a minus.

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