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$ 42,000 $ 33,000 Cash and cash equivalents. Accounts recelvable.... 84,000 77,000 Inventory. 95,700 131,000 Property, plant, and equipment.. Accumulated depreciation-property, plant, and equipment . Total assets.. Short-term notes payable. Accounts payable..... Long-term notes payable. Bonds payable.. Common stock, $1 par.. Additional paid-in capital.. Retained earnings.... Total liabilities and stockholders' equity. 560,000 500,000 (210,000) 5 531,000 $ 30,000 (231,500) S 550.200 81,000 69,000 110,000 90,000 60,000 120,000 35,000 35,000 165,000 165,000 99,200 22,000 S 550.200 $ 531,000

$ 42,000 $ 33,000 Cash and cash equivalents. Accounts recelvable.... 84,000 77,000 Inventory. 95,700 131,000 Property, plant, and equipment.. Accumulated depreciation-property, plant, and equipment . Total assets.. Short-term notes payable. Accounts payable..... Long-term notes payable. Bonds payable.. Common stock, $1 par.. Additional paid-in capital.. Retained earnings.... Total liabilities and stockholders' equity. 560,000 500,000 (210,000) 5 531,000 $ 30,000 (231,500) S 550.200 81,000 69,000 110,000 90,000 60,000 120,000 35,000 35,000 165,000 165,000 99,200 22,000 S 550.200 $ 531,000

Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter14: Statement Of Cash Flows (cashflow)
Section: Chapter Questions
Problem 1R: The comparative balance sheet of Prime Sports Gear, Inc., at December 31, the end of the fiscal...
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W LT ene Acce Tour Comparative balance sheet data for Tanzanite Imporium follow. In addition, new equipment was purchased for $60,000 , payment consisting of $40,000 cash and a long-term note for $20,000. The short-term note payable was arranged with a supplier to finance inventory purchases on credit. Cash dividends of $15,000 were paid in 2015; all other changes to retained earnings were caused by the net income for 2015, which amounted to $92,200. Dec. 31, 2015 Dec. 31, 2014 Cash and cash equivalents $ 42,000 $ 33,000 Accounts recelvable. 84,000 77,000 Inventory .... 95,700 131,000 Property, plant, and equipment. Accumulated depreciation-property, plant, and equipment Total assets. 560,000 500,000 (231,500) (210,000) S 550.200 $ 531,000 $ 30,000 Short-term notes payable. Accounts payable.. Long-term notes payable . Bonds payable . Common stock, $1 par. Additional paid-in capital. Retained earnings. Total liabilities and stockholders' equity. 81,000 69,000 110,000 90,000 60,000 35,000 120,000 35,000 165,000 165,000 99,200 22,000 5 550,200 $ 531,000
Transcribed Image Text:W LT ene Acce Tour Comparative balance sheet data for Tanzanite Imporium follow. In addition, new equipment was purchased for $60,000 , payment consisting of $40,000 cash and a long-term note for $20,000. The short-term note payable was arranged with a supplier to finance inventory purchases on credit. Cash dividends of $15,000 were paid in 2015; all other changes to retained earnings were caused by the net income for 2015, which amounted to $92,200. Dec. 31, 2015 Dec. 31, 2014 Cash and cash equivalents $ 42,000 $ 33,000 Accounts recelvable. 84,000 77,000 Inventory .... 95,700 131,000 Property, plant, and equipment. Accumulated depreciation-property, plant, and equipment Total assets. 560,000 500,000 (231,500) (210,000) S 550.200 $ 531,000 $ 30,000 Short-term notes payable. Accounts payable.. Long-term notes payable . Bonds payable . Common stock, $1 par. Additional paid-in capital. Retained earnings. Total liabilities and stockholders' equity. 81,000 69,000 110,000 90,000 60,000 35,000 120,000 35,000 165,000 165,000 99,200 22,000 5 550,200 $ 531,000
TW LTE се 11 ly puicnases on Creum mounted to S02 200 Dec. 31, 2015 Dec. 31, 2014 $ 42,000 $ 33,000 Cash and cash equivalents. Accounts recelvable. 84,000 77,000 Inventory 95,700 131,000 Property, plant, and equipment. Accumulated depreciation-property, plant, and equipment Total assets... Short-term notes payable. Accounts payable. Long-term notes payable . Bonds payable . Common stock, $1 par 560,000 500.000 (231,500) S 550.200 (210,000) S 531,000 $ 30,000 81,000 69,000 110,000 90,000 60,000 120,000 35,000 35,000 Additional paid-n capital. Retained earnings.. 165,000 165,000 99200 22,000 Total liabilities and stockholders equity. $ 550,200 $ 531,000 Instructions: Prepare a statement of cash flows for the year ended December 31, 2015, using the indirect method. NE
Transcribed Image Text:TW LTE се 11 ly puicnases on Creum mounted to S02 200 Dec. 31, 2015 Dec. 31, 2014 $ 42,000 $ 33,000 Cash and cash equivalents. Accounts recelvable. 84,000 77,000 Inventory 95,700 131,000 Property, plant, and equipment. Accumulated depreciation-property, plant, and equipment Total assets... Short-term notes payable. Accounts payable. Long-term notes payable . Bonds payable . Common stock, $1 par 560,000 500.000 (231,500) S 550.200 (210,000) S 531,000 $ 30,000 81,000 69,000 110,000 90,000 60,000 120,000 35,000 35,000 Additional paid-n capital. Retained earnings.. 165,000 165,000 99200 22,000 Total liabilities and stockholders equity. $ 550,200 $ 531,000 Instructions: Prepare a statement of cash flows for the year ended December 31, 2015, using the indirect method. NE
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The cash flow statement is prepared to record the cash flow from various activities during the period including operating activities, financing activities and investing activities.

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