lmccray1
Jul 5, 2012, 07:45 PM
Prepare a statement of cash flow
a. had net income of $ 80,000
b. recored $18,000
c.issued bonds payable with a par value of $50,000 at par and received cash
d. received $10,000 in cash for the issue of an additional 1,000 shares of $10 par value common stock
e. purchased equipment for $50,000 in cash
Comparative Balance Sheet
December 31, 2013 and 2012
asset: 2013/2012
cash 77900 , 39500
account receivable ( net) 129600 ,79600
merchandise inventory 45600, 43000
property, plant, and equipment 240000, 190000
less: accumulated depreciation (37000), (19000)
Total Assets 456100, 333100
Liablities 2013/2012
Account payable 45000, 62000
bonds payable 150000, 100000
Total Liabilities 195000, 162000
Stockholders' equity 2013/2012
Common stock, ($1 par, 50,000 shares authorized, 5,000 shares issued in 2012 and 6000 shares issued in 2013) 60000, 50000
retained earnings 201100, 121100
Total stockholders' equity 261100, 171100
Total liabilities and stockholders' equity 456100, 333100
a. had net income of $ 80,000
b. recored $18,000
c.issued bonds payable with a par value of $50,000 at par and received cash
d. received $10,000 in cash for the issue of an additional 1,000 shares of $10 par value common stock
e. purchased equipment for $50,000 in cash
Comparative Balance Sheet
December 31, 2013 and 2012
asset: 2013/2012
cash 77900 , 39500
account receivable ( net) 129600 ,79600
merchandise inventory 45600, 43000
property, plant, and equipment 240000, 190000
less: accumulated depreciation (37000), (19000)
Total Assets 456100, 333100
Liablities 2013/2012
Account payable 45000, 62000
bonds payable 150000, 100000
Total Liabilities 195000, 162000
Stockholders' equity 2013/2012
Common stock, ($1 par, 50,000 shares authorized, 5,000 shares issued in 2012 and 6000 shares issued in 2013) 60000, 50000
retained earnings 201100, 121100
Total stockholders' equity 261100, 171100
Total liabilities and stockholders' equity 456100, 333100