ACC305 Week 2 Assignmet 2 final

ACC305 Week 2 Assignmet 2 final - Running head ASSIGNMENT 2...

Info icon This preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
Running head: ASSIGNMENT 2 1 Week 2 Assignment 2 Amanda Miles Instructor: Kimberly Byrd April 9, 2016
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
ASSIGNMENT 2 2
Image of page 2
ASSIGNMENT 2 3 Exercise 4-16 (page 215) Bluebonnet Bakers Statement of Cash Flows For the Year Ending December 31, 2011 Cash flows from operating activities: Collections from customers $ 380,000 Interest on note receivable 6,000 Purchase of inventory (160,000) Interest on note payable (5,000) Payment of salaries (90 ,000 ) Net cash flows from operating activities $131,000 Cash flows from investing activities: Collection of note receivable 50,000 Sale of investments 30,000 Purchase of equipment (85 ,000 ) Net cash flows from investing activities (5,000) Cash flows from financing activities: Proceeds from note payable 100,000 Payment of note payable (25,000) Payment of dividends (20 ,000 ) Net cash flows from financing activities 55 ,000 Net increase in cash 181,000 Cash and cash equivalents, January 1 17 ,000 Cash and cash equivalents, December 31 $ 198 ,000 Exercise 4-19 (page 215) Requirement 1 Financing Investing Operating 1. $300,000 2. X $(10,000) 3. X 4. X 5. $(5,000) 6. $(6,000) 7. $(70,000)
Image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
ASSIGNMENT 2 4 8. 55,000 9. X $300,000 $(10,000) $(26,000) = $264,000 Exercise 4-19 (page 215) Requirement 2 Wainwright Corporation
Image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern