of TR Inc., which provides mining of precious metals. Amount of

Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter19: Accounting For Plant Assets, Depreciation, And Intangible Assets
Section19.6: Buying Intangible Assets And Calculating Amortization Expense
Problem 1OYO
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I need question 19 and 20
Use the following to answer questions 16 – 20
Following are the transaction of TR Inc., which provides
consulting services related to mining of precious metals.
Amount of
Transaction
Transaction
ACash provided from long-term borrowing
$250,000
BCash provided from consulting customers
125,000
CCash used for payment of office rent
5,000
DCash used for purchase of office equipment
30,000
E Cash used to pay office utilities
1,200
FCash used for payment of employee salaries
24,300
G|Cash provided from sale of equipment that had been used in operations
20,000
HCash used to pay the bank for a loan due this month
175,000
I Cash used for purchase of office supplies
100
P Purchase of company vehicle paying 30% cash and borrowing the rest.
30,000
16. $
be included in cash used from investing activities?
Refer to transaction J, how much should
17. $
Determine the cash flows from
operating activities (include “_“ if needed)
18. $
Determine the cash flows from
investing activities (include “-“ if needed)
19. $
Determine the cash flows from
financing activities (include "-“ if needed)
20. $
How much did cash change over the
year?
Transcribed Image Text:Use the following to answer questions 16 – 20 Following are the transaction of TR Inc., which provides consulting services related to mining of precious metals. Amount of Transaction Transaction ACash provided from long-term borrowing $250,000 BCash provided from consulting customers 125,000 CCash used for payment of office rent 5,000 DCash used for purchase of office equipment 30,000 E Cash used to pay office utilities 1,200 FCash used for payment of employee salaries 24,300 G|Cash provided from sale of equipment that had been used in operations 20,000 HCash used to pay the bank for a loan due this month 175,000 I Cash used for purchase of office supplies 100 P Purchase of company vehicle paying 30% cash and borrowing the rest. 30,000 16. $ be included in cash used from investing activities? Refer to transaction J, how much should 17. $ Determine the cash flows from operating activities (include “_“ if needed) 18. $ Determine the cash flows from investing activities (include “-“ if needed) 19. $ Determine the cash flows from financing activities (include "-“ if needed) 20. $ How much did cash change over the year?
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