User Account

All Pages

Make a statement of cash flows for Bluebonnet Bakers

Assignment Help Accounting Basics
Reference no: EM132697008

Question - The following summary transactions occurred during 2021 for Bluebonnet Bakers:

Cash Received from:

Collections from customers $390,000

Interest on notes receivable 8,500

Collection of notes receivable 44,000

Sale of investments 24,000

Issuance of notes payable 125,000

Cash Paid for:

Purchase of inventory 185,000

Interest on notes payable 7,500

Purchase of equipment 70,000

Salaries to employees 75,000

Payment of notes payable 30,000

Dividends to shareholders 25,000

The balance of cash and cash equivalents at the beginning of 2021 was $16,000.

Required - Please make a statement of cash flows for 2021 for Bluebonnet Bakers. Use the direct method for reporting operating activities.

Reference no: EM132697008

Questions Cloud

Prepare the multiple-step income statement for the company : The company applies IFRS and reports its results in millions of Euros. Prepare the multiple-step income statement for the company for the year ended December
Some benefits of collaboration : Explain how GDSS can increase some benefits of collaboration and decision making in groups and eliminate or reduce some losses.
What was the most valuable concept learned about class : Discuss what you have learned in this class and how it will assist you in achieving further professional goals(health care management).
Analyze asymmetric and symmetric encryption : You will analyze asymmetric and symmetric encryption. Evaluate the differences between the two of them and which one that you would determine is the most secure
Make a statement of cash flows for Bluebonnet Bakers : Cash Paid for: Purchase of inventory 185,000 and Salaries to employees 75,000. Please make a statement of cash flows for 2021 for Bluebonnet Bakers
Simulated disaster and comprehensive recovery test : A simulated disaster and comprehensive recovery test may involve many of an organization's key personnel for several days:
Make journal entries to record merchandising transactions : Make journal entries to record each of the merchandising transactions assuming that the company records purchases using the net method
Ethical leaders enhance knowledge sharing in organizations : How do trustworthy and ethical leaders enhance knowledge sharing in organizations? How does this impact the rate of information technology implementations?
Business intelligence : Describe the kinds of support that groupware can provide to decision makers. Explain why most groupware is deployed today over the Web.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Government savings bonds and bank certificates of deposit

Marlene, a cash basis taxpayer, invests in Series EE U.S. government savings bonds and bank certificates of deposit (CDs). Determine the tax consequences of the following on her 2015 gross income:

  What aspects does the statutory auditor verify

What aspects does the statutory auditor verify with respect to investments held in the names of nominees

  Describe the interrelationship between the balance sheet

Describe the interrelationship between the balance sheet and the income statement

  Do you support position of student Ross or of student Kerry

In a classroom discussion of the display, in a consolidated balance sheet, Do you support the position of student Ross or of student Kerry? Explain

  All corporate functions are performed in godalming

SIMCO Commercial Corporation (SCC) is located in Godalming, United Kingdom (U.K.). SCC is owned by an investment group located in London and all corporate functions are performed in Godalming.

  Difference between the civil suit and criminal suits

Please explain the difference between the civil suit and criminal suits brought against Ralph Cioffi and Matthew Tannin. What were the charges in each lawsuit and what were the verdicts or settlements.

  Concerning the content and scope of your research paper

I have had several request concerning the content and scope of your research paper which is worth 400 total points. So, I will summarize what is expected. The "Research Assignment" which is posted to Brightspace (formerly referred to as D2L) and wa..

  What is the total debit to accounts receivable

Credit card fees are 2.5%. Based on this information, what is the total debit to Accounts Receivable for the month of June

  What ways have smart phones that incorporate wireless

In what ways have smart phones that incorporate wireless technologies changed the business landscape?

  Aug 31submit and record your bill for the accounting

aug 31?submit and record your bill for the accounting services for the month to set up the records for jens tennis

  Proper accounting treatment of machine

Discuss the proper accounting treatment of $273,000 ($714,000 − $441,000) by which the cost of the first machine exceeded the cost of subsequent machines.

  At december 31 2011 the end of the first year of operations

at december 31 2011 the end of the first year of operations at star inc. the firms accountant neglected to accrue

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd