The company was established in 1 January 20X5, the owner's capital consisted of only cash contribution 200000$ and 10000$ by computers. We bought necessary equipment (2 cars each by 6000$). The company hired employees with monthly salary 10000$ including taxes and social payments. There was rented an office with monthly fee 1000$. During a week company purchased goods amounting 60000$. Prior to payment there was found out some damage, and our company claimed for return of 5000$ inventory. Return was accepted and the supplier offered a 10% discount in case the company paid by cash in 5 days. Our company doesn't pay within discounted period. Within a week, we make sales 90000$. The customer pays 45000$ by cash. We offered a customer 10% discount if he pays the rest amount within 3 days by cash and he pays. Depreciation expenses for the end of the month for cars were 2000s, for computers 800$. Company decided to change 1 of the cars for truck and pays on it additionally 1000$. At the end of the month company paid immediately for utility expenses 200$, paid 20% of trade payables. Salaries aren't yet paid out. Ending inventory 2000. Required: Prepare Cash flow statement using Indirect method can you calculate in excel please
The company was established in 1 January 20X5, the owner's capital consisted of only cash contribution 200000$ and 10000$ by computers. We bought necessary equipment (2 cars each by 6000$). The company hired employees with monthly salary 10000$ including taxes and social payments. There was rented an office with monthly fee 1000$. During a week company purchased goods amounting 60000$. Prior to payment there was found out some damage, and our company claimed for return of 5000$ inventory. Return was accepted and the supplier offered a 10% discount in case the company paid by cash in 5 days. Our company doesn't pay within discounted period. Within a week, we make sales 90000$. The customer pays 45000$ by cash. We offered a customer 10% discount if he pays the rest amount within 3 days by cash and he pays. Depreciation expenses for the end of the month for cars were 2000s, for computers 800$. Company decided to change 1 of the cars for truck and pays on it additionally 1000$. At the end of the month company paid immediately for utility expenses 200$, paid 20% of trade payables. Salaries aren't yet paid out. Ending inventory 2000. Required: Prepare Cash flow statement using Indirect method can you calculate in excel please
Chapter11: Long-term Assets
Section: Chapter Questions
Problem 2EB: Johnson, Incorporated had the following transactions during the year: Purchased a building for...
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![The company was established in 1 January 20X5, the owner's capital consisted of only cash
contribution 200000$ and 10000$ by computers. We bought necessary equipment (2 cars each by
6000$). The company hired employees with monthly salary 10000$ including taxes and social
payments. There was rented an office with monthly fee 1000$. During a week company purchased
goods amounting 60000$. Prior to payment there was found out some damage, and our company
claimed for return of 5000$ inventory. Return was accepted and the supplier offered a 10% discount in
case the company paid by cash in 5 days. Our company doesn't pay within discounted period. Within a
week, we make sales 90000$. The customer pays 45000$ by cash. We offered a customer 10%
discount if he pays the rest amount within 3 days by cash and he pays. Depreciation expenses for the
end of the month for cars were 2000$, for computers 800$. Company decided to change 1 of the cars
for truck and pays on it additionally 1000$. At the end of the month company paid immediately for
utility expenses 200$, paid 20% of trade payables. Salaries aren't yet paid out. Ending inventory 2000.
Required: Prepare Cash flow statement using Indirect method
can you calculate in excel please](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1d39f439-c0df-4260-bff7-863bf3eaa9a0%2Ff60c7371-93f1-4bf9-8d64-4ea35b557225%2F1pn8vu_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The company was established in 1 January 20X5, the owner's capital consisted of only cash
contribution 200000$ and 10000$ by computers. We bought necessary equipment (2 cars each by
6000$). The company hired employees with monthly salary 10000$ including taxes and social
payments. There was rented an office with monthly fee 1000$. During a week company purchased
goods amounting 60000$. Prior to payment there was found out some damage, and our company
claimed for return of 5000$ inventory. Return was accepted and the supplier offered a 10% discount in
case the company paid by cash in 5 days. Our company doesn't pay within discounted period. Within a
week, we make sales 90000$. The customer pays 45000$ by cash. We offered a customer 10%
discount if he pays the rest amount within 3 days by cash and he pays. Depreciation expenses for the
end of the month for cars were 2000$, for computers 800$. Company decided to change 1 of the cars
for truck and pays on it additionally 1000$. At the end of the month company paid immediately for
utility expenses 200$, paid 20% of trade payables. Salaries aren't yet paid out. Ending inventory 2000.
Required: Prepare Cash flow statement using Indirect method
can you calculate in excel please
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