SlideShare una empresa de Scribd logo
1 de 1
Descargar para leer sin conexión
Please help if you can. Accounting. Thank you! [The following information applies to the
questions displayed below.] The following financial statements and additional information are
reported. Additional Information a. A$30,000 note payable is retired at its $30,000 carrying
(book) value in exchange for cash. b. The only changes affecting retained earnings are net
income and cash dividends paid. c. New equipment is acquired for $63,600 cash. d. Received
cash for the sale of equipment that had cost $54,600, yielding a $2,600 gain. e. Prepaid Expenses
and Wages Payable relate to Operating Expenses on the income statement. f. All purchases and
sales of inventory are on credit.
Required: (1) Prepare a statement of cash flows using the indirect method for the year ended
June 30, 2020. Nnto. Amnunte to ho darturted chnuld ha infliratod with a minuc cirn

Más contenido relacionado

Similar a Please help if you can. Accounting. Thank you! [The following inform.pdf

Acc 290 final exam7.docx. which ledger contains control accounts
Acc 290 final exam7.docx. which ledger contains control accountsAcc 290 final exam7.docx. which ledger contains control accounts
Acc 290 final exam7.docx. which ledger contains control accounts
Mishi Linkon
 
Acc 290 final exam university of phoenix final exams study guide 1) which fin...
Acc 290 final exam university of phoenix final exams study guide 1) which fin...Acc 290 final exam university of phoenix final exams study guide 1) which fin...
Acc 290 final exam university of phoenix final exams study guide 1) which fin...
Sarah Nickson
 
Acc 290 final exam4.docx. an increase in an expense account must be
Acc 290 final exam4.docx. an increase in an expense account must beAcc 290 final exam4.docx. an increase in an expense account must be
Acc 290 final exam4.docx. an increase in an expense account must be
Mishi Linkon
 
Acc 290 final exam13.docx. an adjusted trial balance
Acc 290 final exam13.docx. an adjusted trial balanceAcc 290 final exam13.docx. an adjusted trial balance
Acc 290 final exam13.docx. an adjusted trial balance
Mishi Linkon
 
These exercises help you understand the concepts in this lesson..docx
These exercises help you understand the concepts in this lesson..docxThese exercises help you understand the concepts in this lesson..docx
These exercises help you understand the concepts in this lesson..docx
barbaran11
 
All workings, when appropriate, must be shown to substantiate your.docx
All workings, when appropriate, must be shown to substantiate your.docxAll workings, when appropriate, must be shown to substantiate your.docx
All workings, when appropriate, must be shown to substantiate your.docx
simonlbentley59018
 
Continuous Problem – City of Monroe 1Continuous Probl.docx
Continuous Problem – City of Monroe  1Continuous Probl.docxContinuous Problem – City of Monroe  1Continuous Probl.docx
Continuous Problem – City of Monroe 1Continuous Probl.docx
maxinesmith73660
 
AWeek Five Exercise AssignmentFinancial Ratios1. Liquidity r.docx
AWeek Five Exercise AssignmentFinancial Ratios1. Liquidity r.docxAWeek Five Exercise AssignmentFinancial Ratios1. Liquidity r.docx
AWeek Five Exercise AssignmentFinancial Ratios1. Liquidity r.docx
ikirkton
 
CMBA 603-SName ___________________________Test 1 – part 2 (prob
CMBA 603-SName ___________________________Test 1 – part 2 (probCMBA 603-SName ___________________________Test 1 – part 2 (prob
CMBA 603-SName ___________________________Test 1 – part 2 (prob
WilheminaRossi174
 
1.Isaac Inc. began operations in January 2013. For certain of it.docx
1.Isaac Inc. began operations in January 2013. For certain of it.docx1.Isaac Inc. began operations in January 2013. For certain of it.docx
1.Isaac Inc. began operations in January 2013. For certain of it.docx
jackiewalcutt
 

Similar a Please help if you can. Accounting. Thank you! [The following inform.pdf (13)

Acc 290 final exam7.docx. which ledger contains control accounts
Acc 290 final exam7.docx. which ledger contains control accountsAcc 290 final exam7.docx. which ledger contains control accounts
Acc 290 final exam7.docx. which ledger contains control accounts
 
Acc 290 final exam university of phoenix final exams study guide 1) which fin...
Acc 290 final exam university of phoenix final exams study guide 1) which fin...Acc 290 final exam university of phoenix final exams study guide 1) which fin...
Acc 290 final exam university of phoenix final exams study guide 1) which fin...
 
Acc 290 final exam4.docx. an increase in an expense account must be
Acc 290 final exam4.docx. an increase in an expense account must beAcc 290 final exam4.docx. an increase in an expense account must be
Acc 290 final exam4.docx. an increase in an expense account must be
 
Acc 290 final exam13.docx. an adjusted trial balance
Acc 290 final exam13.docx. an adjusted trial balanceAcc 290 final exam13.docx. an adjusted trial balance
Acc 290 final exam13.docx. an adjusted trial balance
 
These exercises help you understand the concepts in this lesson..docx
These exercises help you understand the concepts in this lesson..docxThese exercises help you understand the concepts in this lesson..docx
These exercises help you understand the concepts in this lesson..docx
 
ACT 305 Module 6 Assignment Choice #1- Cost of Production
ACT 305 Module 6 Assignment Choice #1- Cost of ProductionACT 305 Module 6 Assignment Choice #1- Cost of Production
ACT 305 Module 6 Assignment Choice #1- Cost of Production
 
All workings, when appropriate, must be shown to substantiate your.docx
All workings, when appropriate, must be shown to substantiate your.docxAll workings, when appropriate, must be shown to substantiate your.docx
All workings, when appropriate, must be shown to substantiate your.docx
 
Continuous Problem – City of Monroe 1Continuous Probl.docx
Continuous Problem – City of Monroe  1Continuous Probl.docxContinuous Problem – City of Monroe  1Continuous Probl.docx
Continuous Problem – City of Monroe 1Continuous Probl.docx
 
Model Questions SET- Accountancy XI (three set model questions)
Model Questions SET- Accountancy XI (three set model questions)Model Questions SET- Accountancy XI (three set model questions)
Model Questions SET- Accountancy XI (three set model questions)
 
AWeek Five Exercise AssignmentFinancial Ratios1. Liquidity r.docx
AWeek Five Exercise AssignmentFinancial Ratios1. Liquidity r.docxAWeek Five Exercise AssignmentFinancial Ratios1. Liquidity r.docx
AWeek Five Exercise AssignmentFinancial Ratios1. Liquidity r.docx
 
CMBA 603-SName ___________________________Test 1 – part 2 (prob
CMBA 603-SName ___________________________Test 1 – part 2 (probCMBA 603-SName ___________________________Test 1 – part 2 (prob
CMBA 603-SName ___________________________Test 1 – part 2 (prob
 
1.Isaac Inc. began operations in January 2013. For certain of it.docx
1.Isaac Inc. began operations in January 2013. For certain of it.docx1.Isaac Inc. began operations in January 2013. For certain of it.docx
1.Isaac Inc. began operations in January 2013. For certain of it.docx
 
Acct 550 final exam
Acct 550 final examAcct 550 final exam
Acct 550 final exam
 

Más de agarshailenterprises

Please, correct the following ELM codemodule Main exposing (..).pdf
Please, correct the following ELM codemodule Main exposing (..).pdfPlease, correct the following ELM codemodule Main exposing (..).pdf
Please, correct the following ELM codemodule Main exposing (..).pdf
agarshailenterprises
 
Please write one paragraph below demonstratingDecide on a hedging.pdf
Please write one paragraph below demonstratingDecide on a hedging.pdfPlease write one paragraph below demonstratingDecide on a hedging.pdf
Please write one paragraph below demonstratingDecide on a hedging.pdf
agarshailenterprises
 
Please use these instructions to help.Use the flexbox layout mode .pdf
Please use these instructions to help.Use the flexbox layout mode .pdfPlease use these instructions to help.Use the flexbox layout mode .pdf
Please use these instructions to help.Use the flexbox layout mode .pdf
agarshailenterprises
 
Please use these instructions to help. Please only edit the CSS, and.pdf
Please use these instructions to help. Please only edit the CSS, and.pdfPlease use these instructions to help. Please only edit the CSS, and.pdf
Please use these instructions to help. Please only edit the CSS, and.pdf
agarshailenterprises
 
please tell me what lines do i alter to make this stack a queue. tel.pdf
please tell me what lines do i alter to make this stack a queue. tel.pdfplease tell me what lines do i alter to make this stack a queue. tel.pdf
please tell me what lines do i alter to make this stack a queue. tel.pdf
agarshailenterprises
 
Please read the case study below and answer the following questions .pdf
Please read the case study below and answer the following questions .pdfPlease read the case study below and answer the following questions .pdf
Please read the case study below and answer the following questions .pdf
agarshailenterprises
 
Please modify the following code in C. Make sure your code matches t.pdf
Please modify the following code in C. Make sure your code matches t.pdfPlease modify the following code in C. Make sure your code matches t.pdf
Please modify the following code in C. Make sure your code matches t.pdf
agarshailenterprises
 
Please expound on the specific details and examples of each componen.pdf
Please expound on the specific details and examples of each componen.pdfPlease expound on the specific details and examples of each componen.pdf
Please expound on the specific details and examples of each componen.pdf
agarshailenterprises
 

Más de agarshailenterprises (20)

Please, correct the following ELM codemodule Main exposing (..).pdf
Please, correct the following ELM codemodule Main exposing (..).pdfPlease, correct the following ELM codemodule Main exposing (..).pdf
Please, correct the following ELM codemodule Main exposing (..).pdf
 
pls help! 1. Understanding the implications of taxes on welfare The .pdf
pls help! 1. Understanding the implications of taxes on welfare The .pdfpls help! 1. Understanding the implications of taxes on welfare The .pdf
pls help! 1. Understanding the implications of taxes on welfare The .pdf
 
Please write one paragraph below demonstratingDecide on a hedging.pdf
Please write one paragraph below demonstratingDecide on a hedging.pdfPlease write one paragraph below demonstratingDecide on a hedging.pdf
Please write one paragraph below demonstratingDecide on a hedging.pdf
 
Please use these instructions to help.Use the flexbox layout mode .pdf
Please use these instructions to help.Use the flexbox layout mode .pdfPlease use these instructions to help.Use the flexbox layout mode .pdf
Please use these instructions to help.Use the flexbox layout mode .pdf
 
Please use these instructions to help. Please only edit the CSS, and.pdf
Please use these instructions to help. Please only edit the CSS, and.pdfPlease use these instructions to help. Please only edit the CSS, and.pdf
Please use these instructions to help. Please only edit the CSS, and.pdf
 
Please write a program with a simple INTERFACE. Provide a design for.pdf
Please write a program with a simple INTERFACE. Provide a design for.pdfPlease write a program with a simple INTERFACE. Provide a design for.pdf
Please write a program with a simple INTERFACE. Provide a design for.pdf
 
please tell me what lines do i alter to make this stack a queue. tel.pdf
please tell me what lines do i alter to make this stack a queue. tel.pdfplease tell me what lines do i alter to make this stack a queue. tel.pdf
please tell me what lines do i alter to make this stack a queue. tel.pdf
 
Please show how to do these calculation based on 2021 Starbucks An.pdf
Please show how to do these calculation based on  2021 Starbucks An.pdfPlease show how to do these calculation based on  2021 Starbucks An.pdf
Please show how to do these calculation based on 2021 Starbucks An.pdf
 
Please review the two journals on Endogenous growth Theory. 1. Shaw..pdf
Please review the two journals on Endogenous growth Theory. 1. Shaw..pdfPlease review the two journals on Endogenous growth Theory. 1. Shaw..pdf
Please review the two journals on Endogenous growth Theory. 1. Shaw..pdf
 
Please read the case study below and answer the following questions .pdf
Please read the case study below and answer the following questions .pdfPlease read the case study below and answer the following questions .pdf
Please read the case study below and answer the following questions .pdf
 
Please modify the following code in C. Make sure your code matches t.pdf
Please modify the following code in C. Make sure your code matches t.pdfPlease modify the following code in C. Make sure your code matches t.pdf
Please modify the following code in C. Make sure your code matches t.pdf
 
Please provide a detailed explanation as to how you get to the answe.pdf
Please provide a detailed explanation as to how you get to the answe.pdfPlease provide a detailed explanation as to how you get to the answe.pdf
Please provide a detailed explanation as to how you get to the answe.pdf
 
please I need explanation for the whole queston and why the answer I.pdf
please I need explanation for the whole queston and why the answer I.pdfplease I need explanation for the whole queston and why the answer I.pdf
please I need explanation for the whole queston and why the answer I.pdf
 
Please help with part b. Taylor Talbot receives wages amounting to .pdf
Please help with part b.  Taylor Talbot receives wages amounting to .pdfPlease help with part b.  Taylor Talbot receives wages amounting to .pdf
Please help with part b. Taylor Talbot receives wages amounting to .pdf
 
Please explain how to find The heights of a certain population of co.pdf
Please explain how to find The heights of a certain population of co.pdfPlease explain how to find The heights of a certain population of co.pdf
Please explain how to find The heights of a certain population of co.pdf
 
Please help me get the right answers. The Economist publishes a year.pdf
Please help me get the right answers. The Economist publishes a year.pdfPlease help me get the right answers. The Economist publishes a year.pdf
Please help me get the right answers. The Economist publishes a year.pdf
 
Please explain in detail. Thank you! 2. Consider two independent sta.pdf
Please explain in detail. Thank you! 2. Consider two independent sta.pdfPlease explain in detail. Thank you! 2. Consider two independent sta.pdf
Please explain in detail. Thank you! 2. Consider two independent sta.pdf
 
Please explain in detail. Thank you! 10. The joint probability distr.pdf
Please explain in detail. Thank you! 10. The joint probability distr.pdfPlease explain in detail. Thank you! 10. The joint probability distr.pdf
Please explain in detail. Thank you! 10. The joint probability distr.pdf
 
please help 3. Which of the four classification schemes (suggested b.pdf
please help 3. Which of the four classification schemes (suggested b.pdfplease help 3. Which of the four classification schemes (suggested b.pdf
please help 3. Which of the four classification schemes (suggested b.pdf
 
Please expound on the specific details and examples of each componen.pdf
Please expound on the specific details and examples of each componen.pdfPlease expound on the specific details and examples of each componen.pdf
Please expound on the specific details and examples of each componen.pdf
 

Último

The basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptxThe basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptx
heathfieldcps1
 
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
ZurliaSoop
 
Salient Features of India constitution especially power and functions
Salient Features of India constitution especially power and functionsSalient Features of India constitution especially power and functions
Salient Features of India constitution especially power and functions
KarakKing
 

Último (20)

The basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptxThe basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptx
 
Sociology 101 Demonstration of Learning Exhibit
Sociology 101 Demonstration of Learning ExhibitSociology 101 Demonstration of Learning Exhibit
Sociology 101 Demonstration of Learning Exhibit
 
Spatium Project Simulation student brief
Spatium Project Simulation student briefSpatium Project Simulation student brief
Spatium Project Simulation student brief
 
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
 
UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdf
UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdfUGC NET Paper 1 Mathematical Reasoning & Aptitude.pdf
UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdf
 
Wellbeing inclusion and digital dystopias.pptx
Wellbeing inclusion and digital dystopias.pptxWellbeing inclusion and digital dystopias.pptx
Wellbeing inclusion and digital dystopias.pptx
 
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
 
Fostering Friendships - Enhancing Social Bonds in the Classroom
Fostering Friendships - Enhancing Social Bonds  in the ClassroomFostering Friendships - Enhancing Social Bonds  in the Classroom
Fostering Friendships - Enhancing Social Bonds in the Classroom
 
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
 
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
 
ICT role in 21st century education and it's challenges.
ICT role in 21st century education and it's challenges.ICT role in 21st century education and it's challenges.
ICT role in 21st century education and it's challenges.
 
Unit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptxUnit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptx
 
How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17
 
Salient Features of India constitution especially power and functions
Salient Features of India constitution especially power and functionsSalient Features of India constitution especially power and functions
Salient Features of India constitution especially power and functions
 
Kodo Millet PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...
Kodo Millet  PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...Kodo Millet  PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...
Kodo Millet PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...
 
On National Teacher Day, meet the 2024-25 Kenan Fellows
On National Teacher Day, meet the 2024-25 Kenan FellowsOn National Teacher Day, meet the 2024-25 Kenan Fellows
On National Teacher Day, meet the 2024-25 Kenan Fellows
 
General Principles of Intellectual Property: Concepts of Intellectual Proper...
General Principles of Intellectual Property: Concepts of Intellectual  Proper...General Principles of Intellectual Property: Concepts of Intellectual  Proper...
General Principles of Intellectual Property: Concepts of Intellectual Proper...
 
Application orientated numerical on hev.ppt
Application orientated numerical on hev.pptApplication orientated numerical on hev.ppt
Application orientated numerical on hev.ppt
 
Towards a code of practice for AI in AT.pptx
Towards a code of practice for AI in AT.pptxTowards a code of practice for AI in AT.pptx
Towards a code of practice for AI in AT.pptx
 
Key note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdfKey note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdf
 

Please help if you can. Accounting. Thank you! [The following inform.pdf

  • 1. Please help if you can. Accounting. Thank you! [The following information applies to the questions displayed below.] The following financial statements and additional information are reported. Additional Information a. A$30,000 note payable is retired at its $30,000 carrying (book) value in exchange for cash. b. The only changes affecting retained earnings are net income and cash dividends paid. c. New equipment is acquired for $63,600 cash. d. Received cash for the sale of equipment that had cost $54,600, yielding a $2,600 gain. e. Prepaid Expenses and Wages Payable relate to Operating Expenses on the income statement. f. All purchases and sales of inventory are on credit. Required: (1) Prepare a statement of cash flows using the indirect method for the year ended June 30, 2020. Nnto. Amnunte to ho darturted chnuld ha infliratod with a minuc cirn