User Account

All Pages

What is the ending balance of a cash account for the year

Assignment Help Accounting Basics
Reference no: EM132774666

Prepare SCF in a blank sheet of paper. You can use any business name and the end of the current year for the heading. The following are the company's account in order to prepare the SCF:

Net Income: 200,000
Depreciation Expense: 25,000
Gain on Sale of Property and Equipment: 100,000
Decrease in the Trade and other Receivables: 70,000
Purchase of Property and Equipment" 200,000
Payment of Loan from bank: 150,000

Answer the following by preparing CFS above

Problem a. Compute the cash generated/used in the financing activities

Problem b. Compute the net change in cash for the year

Problem c. What is the ending balance of a cash account for the year?

Reference no: EM132774666

Questions Cloud

Prepare journal entries for accrual of interest : Prepare journal entries for Accrual of interest and related amortization on December 31, 2020 and Payment of interest and related amortization on July 1, 2020
Prepare the journal entries to recognize site restoration : Prepare the journal entries to recognize this site restoration cost the company would record upon initial acquisition and subsequently.
Analyse the legal environment : Julian hands over last financial year's business results and his draft budget of sales and expenses for the coming financial year
Make the journal entry for the transaction for jan : Make the journal entry for the following transaction. Purchased 200 units of inventory item #A002 at $15 each on credit terms of 1/15, n/60 from Suncrest Supply
What is the ending balance of a cash account for the year : Compute the net change in cash for year. What is the ending balance of a cash account for the year? Compute the cash generated/used in the financing activities.
Advise wilonas children, discussing all available grounds : What options does Julian have to structure the Retrofit business and Bev suggested recently that Julian should structure his business as a company
How much is the unadjusted cash balance per books as of may : How much is the unadjusted cash balance per books as of May 30, 2020? What is the correct outstanding checks as of June 30, 2020?
Provide the journal entries for abc co on on november : Provide the journal entries. On November 29, 20x1, ABC Co. placed a non-cancellable purchase order for the importation of a machine
What is the adjusted carrying value of the patent as of dec : What is the adjusted carrying value of the patent as of December 31, 2020? Shanks Corporation provided to you its patents with a carrying amount of P550,000

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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