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    lmccray1's Avatar
    lmccray1 Posts: 1, Reputation: 1
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    #1

    Jul 5, 2012, 07:45 PM
    need help with statement of cash flows
    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
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Jul 8, 2012, 05:14 PM
    What specific help do you need, attempt the problem and tell us what questions you have

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