2025 2024 Cash $7,600 $9,900 Accounts receivable (net) 82,000 88,100 Merchandise inventory 86,400 82,200 Prepaid expenses 9,000 12,000 Equipment 169,500 145,000 Accumulated depreciation-equipment (45,500) (36,500) Land 30,000 50,700 Total assets $339,000 $351,400 Accounts payable $43,800 $57,300 Accrued expenses 11,100 8,900 Notes payable-bank, short-term -0- 50,300 Bonds payable 19,700 -0- Common stock, $1 par 180,000 163,000 Retained earnings 84,400 71,900 Total liabilities and shareholders' equity $339,000 $351,400 Equipment was purchased for $17,000 in exchange for common stock, par $17,000, during the year; all other equipment purchased was for cash. Land was sold for $31,700. Cash dividends of $7,100 were declared and paid during the year. Compute net cash provided (used) by: (Show amounts that decrease cash flow with either a-sign e.g. -12,000 or in parenthesis e.g. (12,000).) (a) Net cash provided by operating activities. -37900 (6) (b) Net cash provided by investing activities. 22700 (c) Net cash used by financing activities. 13000
2025 2024 Cash $7,600 $9,900 Accounts receivable (net) 82,000 88,100 Merchandise inventory 86,400 82,200 Prepaid expenses 9,000 12,000 Equipment 169,500 145,000 Accumulated depreciation-equipment (45,500) (36,500) Land 30,000 50,700 Total assets $339,000 $351,400 Accounts payable $43,800 $57,300 Accrued expenses 11,100 8,900 Notes payable-bank, short-term -0- 50,300 Bonds payable 19,700 -0- Common stock, $1 par 180,000 163,000 Retained earnings 84,400 71,900 Total liabilities and shareholders' equity $339,000 $351,400 Equipment was purchased for $17,000 in exchange for common stock, par $17,000, during the year; all other equipment purchased was for cash. Land was sold for $31,700. Cash dividends of $7,100 were declared and paid during the year. Compute net cash provided (used) by: (Show amounts that decrease cash flow with either a-sign e.g. -12,000 or in parenthesis e.g. (12,000).) (a) Net cash provided by operating activities. -37900 (6) (b) Net cash provided by investing activities. 22700 (c) Net cash used by financing activities. 13000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![2025
2024
Cash
$7,600
$9,900
Accounts receivable (net)
82,000
88,100
Merchandise inventory
86,400
82,200
Prepaid expenses
9,000
12,000
Equipment
169,500
145,000
Accumulated depreciation-equipment
(45,500)
(36,500)
Land
30,000
50,700
Total assets
$339,000 $351,400
Accounts payable
$43,800
$57,300
Accrued expenses
11,100
8,900
Notes payable-bank, short-term
-0-
50,300
Bonds payable
19,700
-0-
Common stock, $1 par
180,000
163,000
Retained earnings
84,400
71,900
Total liabilities and shareholders' equity
$339,000
$351,400
Equipment was purchased for $17,000 in exchange for common stock, par $17,000, during the year; all other equipment purchased
was for cash. Land was sold for $31,700. Cash dividends of $7,100 were declared and paid during the year.
Compute net cash provided (used) by: (Show amounts that decrease cash flow with either a-sign e.g. -12,000 or in parenthesis e.g. (12,000).)
(a) Net cash
provided
by operating activities.
-37900
(6)
(b)
Net cash
provided by investing activities.
22700
(c)
Net cash
used
by financing activities.
13000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0b7dd0f5-8612-4e87-8dcc-a8b77814d142%2F310591c1-ef2a-41b9-a09f-5ed86229b00a%2F4lbjiji_processed.jpeg&w=3840&q=75)
Transcribed Image Text:2025
2024
Cash
$7,600
$9,900
Accounts receivable (net)
82,000
88,100
Merchandise inventory
86,400
82,200
Prepaid expenses
9,000
12,000
Equipment
169,500
145,000
Accumulated depreciation-equipment
(45,500)
(36,500)
Land
30,000
50,700
Total assets
$339,000 $351,400
Accounts payable
$43,800
$57,300
Accrued expenses
11,100
8,900
Notes payable-bank, short-term
-0-
50,300
Bonds payable
19,700
-0-
Common stock, $1 par
180,000
163,000
Retained earnings
84,400
71,900
Total liabilities and shareholders' equity
$339,000
$351,400
Equipment was purchased for $17,000 in exchange for common stock, par $17,000, during the year; all other equipment purchased
was for cash. Land was sold for $31,700. Cash dividends of $7,100 were declared and paid during the year.
Compute net cash provided (used) by: (Show amounts that decrease cash flow with either a-sign e.g. -12,000 or in parenthesis e.g. (12,000).)
(a) Net cash
provided
by operating activities.
-37900
(6)
(b)
Net cash
provided by investing activities.
22700
(c)
Net cash
used
by financing activities.
13000
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