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Problem #1 Based upon the information below complete a Cash Flow Statement for the end of the FP, 12/31/16. Also, determine the cash balance at the end of the 2016 Fiscal Period.
Start of Fiscal Period, 1/1/16 End of F.P., 12/31/16
Cash $125,000 ?
AR 45,000 55,000
Merchandise 75,000 35,000
Building 125,000 0
A.P. 72,000 73,000
Bonds Payable 0 1,000,000
Common Stock 1,000,000 1,500,000
Cash Dividends 50,000
Depreciation Exp 9,000
Revenue amounted to $685,000 with total expenses of $291,000 without depreciation expense.
Problem #2
Based upon the information below complete a Cash Flow Statement for the end of the FP, 12/31/16. Also, determine the cash balance at the end of the 2016 Fiscal Period. Start of Fiscal Period, 1/1/16 End of F.P., 12/31/16
Cash $175,000 ?
AR 35,000 55,000
Merchandise 95,000 35,000
Building 95,000 222,000
A.P. 42,000 73,000
Bonds Pay 1,000,000 1,000,000
Common Stock 1,000,000 1,500,000
Cash Dividends 50,000
Depreciation Exp 9,000
Revenue amounted to $933,000 with total expenses of $141,000 without depreciation expense.Problem #3 Complete a Cash Flow Statement based upon the following transactions:
Beginning of the Period Cash amounted to $9,000.
Bought Treasury Stock, $20,000
Bought Land and Building, $200,000
Net Income, $600,000
Paid CS Dividends, $44,000
AR Decreased $12,000
Sold Equipment, $50,000
Merchandise Inventory Decreased, $22,000
Sold Common Stock, $1,000,000
Retired or Redeemed Bonds, $400,000
AP Decreased, $40,000
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